Tag: Uganda

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Uganda president defiant after World Bank funding suspended over LGBT law

Uganda's President Yoweri Museveni on Thursday denounced the World Bank's decision to suspend new funding in response to a harsh anti-LGBTQ law and vowed to find...

World Bank halts new lending to Uganda over anti-LGBTQ law

The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned...

TotalEnergies faces second lawsuit over Uganda oil projects

Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil...

African digital credit company M-Kopa signs $255 mln in new funding

African financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others...

French court dismisses Uganda lawsuit against TotalEnergies

A French civil court on Tuesday dismissed a fast-track lawsuit brought by campaigners against energy major TotalEnergies over its oil projects in Uganda and Tanzania,...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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