- World Bank pledges $1 billion to aid peace in Africa's Great Lakes
KINSHASA (Reuters) - The World Bank on Wednesday announced $1 billion in development funding for Africa's Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised fears once again of an escalation in conflict. World Bank President Jim Yong Kim unveiled the proposed aid financing for one of Africa's most intractable conflict regions on the first day of a trip with U.N. chief Ban Ki-moon to Democratic Republic of Congo, Rwanda and Uganda. ...
- Uganda leader's legacy at stake in general's case
KAMPALA, Uganda (AP) — Analysts in Uganda say an army general's concern that officials are at risk of assassination if they oppose President Yoweri Museveni's plan to have his son succeed him is controversial because it challenges the president's reputation as a moderate leader.
- Uganda raids over Museveni 'plot'
Ugandan police raid the offices of at least two newspapers following reports that President Yoweri Museveni is grooming his son to succeed him and people opposed to the plan could be killed.
- Ugandan police raid newspaper over Museveni succession letter
By Elias Biryabarema KAMPALA (Reuters) - Police raided a leading Ugandan newspaper and disabled its printing press and website on Monday after it published a letter about a purported plot to stifle allegations President Yoweri Museveni is grooming his son for power, a senior editor said. Speculation is growing that Museveni, in office since 1986, is lining up his son Kainerugaba Muhoozi to take power, a move that would likely test loyalties in Uganda's ruling elite. ...
- Uganda police raid newspaper over general's letter
KAMPALA, Uganda (AP) — Witnesses say police in Uganda forcibly entered the offices of an independent newspaper to search for evidence against an army general who questioned the president's alleged plan to have his son succeed him.
- Politics, bribery charges swirl around Ugandan oil
KAMPALA, Uganda (AP) — Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners.
- Uganda shilling up on inflows from exporters, charities
KAMPALA (Reuters) - The Uganda shilling strengthened on Friday due to dollar inflows from commodity exporters, charities and sell-offs by offshore investors betting on a weaker greenback. At 0932 GMT commercial banks in Kampala quoted the currency of east Africa's third-largest economy at 2,560/2,570, stronger than Thursday's close of 2,575/2,585. "The market has inflows from the usual commodity exporters and NGOs (non-governmental organisations) while there's not much activity on the demand side," said Faisal Bukenya, head of market-making at Barclays Bank. ...
- IMF says low inflation in Uganda spurs business confidence
KAMPALA (Reuters) - Uganda's low inflation and signs the economy is gaining momentum are boosting business confidence, and growth could reach 6-7 percent in the medium term despite the loss of foreign aid, the IMF said on Wednesday. Price pressures in east Africa's third-largest economy hit an 18-year high in October 2011 but have eased and inflation has been in single digits since September last year. Headline inflation fell to 3.4 percent last month from 4 percent in March as food costs slowed. ...
- Uganda threatens to punish media over succession reports
By Elias Biryabarema KAMPALA (Reuters) - Uganda threatened on Wednesday to penalize media for coverage of a purported plot to stifle allegations that President Yoweri Museveni is grooming his son for power. Speculation is growing that Museveni, in office since 1986, is lining up his son Kainerugaba Muhoozi to succeed him, a move that would likely test loyalties in Uganda's ruling elite. ...
- World Bank says gives Uganda $100 mln for economic reforms
KAMPALA (Reuters) - The World Bank said on Wednesday it had approved $100 million worth of credit for Uganda to help boost its economic growth and jobs, relieving fiscal pressure on the east African country squeezed by last year's aid cuts. In a statement, the bank said the credit line would finance the Competitiveness and Enterprise Development Project (CEDP)that would implement reforms in land administration and business registration and create about 75,000 jobs. ...
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