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Uganda says to trim debt issuance by 21% in 2026/27 FY

Uganda says to trim debt issuance by 21% in 2026/27 FY

The Bank of Uganda, Uganda’s central bank, in Kampala, Uganda, on Wednesday, May 17, 2023. Uganda estimates that it will need $28.1 billion to adapt to the effects of climate change and cut emissions until the end of the decade. Photographer: Katumba Badru Sultan/Bloomberg via Getty Images

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South African rand flat ahead of leading economic indicator, local inflation data

South African rand flat ahead of leading economic indicator, local inflation data

JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed

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Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS

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Butaleja teachers starve as corruption and payroll scandal deepens.

Butaleja teachers starve as corruption and payroll scandal deepens.

The Butaleja District Local Government has been plunged into a serious administrative crisis that has denied more than 60 newly recruited education personnel, including headteachers, deputies, and assistants, their pay for several months. This is further characterized by debilitating resource sho

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2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

President Yoweri Kaguta Museveni yesterday held his first campaign rally in the Buganda region, addressing a massive crowd at Kasambya Town Council in Mubende District.The President who presented the National Resistance Movement (NRM) Manifesto for 2026-2031, reaffirmed that peace remains

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BREAKING: AFC/M23 Rebels Announce Withdrawal from Uvira After U.S. Pressure on Rwanda

BREAKING: AFC/M23 Rebels Announce Withdrawal from Uvira After U.S. Pressure on Rwanda

Congo’s M23 rebel group said on Monday it would “unilaterally withdraw” its forces from the strategic eastern city of Uvira, following what it described as a request from United States mediators, in a move analysts say may reflect mounting pressure on Rwanda amid threats of U.S. sanctions.

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Voters blast MP Aza for ‘abandoning’ Moyo while building multi-billion projects in Arua

Voters blast MP Aza for ‘abandoning’ Moyo while building multi-billion projects in Arua

AZA Plaza, a multi-billion four-storey commercial complex owned by West Moyo MP, Hon Alero Tom Aza in Arua CityAdjumani, Uganda: A section of voters in West Moyo County have accused their MP, Hon. Tom Aza, of self-greed and betrayal, allegin

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Nigerian soldiers open fire on protesters in the northeast, killing 9, witnesses say

Nigerian soldiers open fire on protesters in the northeast, killing 9, witnesses say

Soldiers of the Nigerian Army have reportedly killed nine women protesting the army’s handling of communal clashes in the northeastern Adamawa stateNigerian Army soldiers opened fire and killed nine women protesting the army's handling of communal clashes in the northeastern Adamawa stat

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Japan issues megaquake warning as government says '98-foot tsunami' could wreak havoc.

Japan issues megaquake warning as government says '98-foot tsunami' could wreak havoc.

Japan has issued a megaquake advisory after Monday's 7.6-magnitude earthquake struck off the nation's eastern coastJapan's Prime Minister Sanae Takaichi speaks to reporters at the prime minister's office in Tokyo after a strong earthquake struck northeastern Japan. Japan has issued

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Burundi: Rwandan Army Attacking Our Forces in DRC

Burundi: Rwandan Army Attacking Our Forces in DRC

The Burundian army is deployed in DRCBurundi on Sunday accused the Rwandan army of carrying out direct attacks against its troops deployed in eastern Democratic Republic of Congo, sharply escalating a diplomatic confrontation as fighting intensifies around the strategic city of Uvira.

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