The Bank of Uganda (BoU) Monetary Policy Committee (MPC) has raised the Central Bank Rate (CBR), a benchmark lending rate for commercial banks by 1 percentage point to 10 percent. The Central Bank attributed the increase to the upward trajectory in inflation, with core inflation (excludes temporary price volatility as
Read MoreMr. Taro Kono, Minister for Foreign Affairs of Japan will hold bilateral meetings with African Foreign Ministers with a view to further develop relationship with African countries TOKYO, Japan, October 3, 2018,-/African Media Agency (AMA)/- 1. The Government of Japan, United Nations, United Nations Development Program (UNDP), the World Bank
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The influential women's league of South Africa's governing ANC has called for the castration of convicted rapists, the Daily Maverick reports. It quotes a statement from the league's president Meokgo Matuba. She says that the idea of chemical castration, the use of drugs to curb the libido, should be explored,
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Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda, has once again assured politicians that nobody will interview with the indepence of the Central. He made the remarks at the Hosting of the Parliament of Ghana Finance Committee Members at a Benchmarking Exercise to Bank of Uganda on Thursday, September 27, 2018.
Read MoreThe Government of Kenya won the bid based on the consistency and high-level leadership of H.E the Deputy President, Hon. William Ruto, on Open Government and data for development over the last three years BUENOS AIRES, Argentina, October 3, 2018,-/African Media Agency (AMA)/- The 6th International Open Data Conference (IODC)
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The National Resistance Movement carried the day as Parliament controversially passed the Excise Duty Amendment Bill No.2, reducing Mobile money withdraw transactions to 0.5%, up from 1%. Many analysts, Ugandans and financial players wanted the tax scrapped. It is understood that many NRM MPs were set to vote against the
Read MoreGovernment has begun the process of implementing the court judgment by recognising Kumkani Zanozuko Tyelovuyo Sigcau as the King of the amaMpondo people PRETORIA, South Africa, October 2, 2018,-/African Media Agency (AMA)/- The Constitutional Court on 11 September 2018 upheld the findings of the Commission on Traditional Leadership Disputes and
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Police in South Sudan say at least 10 people have now died after a hand grenade exploded in a club on Friday night in the western town of Yambio, news agency Reuters reports. Dozens were injured in the attack but six who were in critical condition have been moved to
Read MoreDuring the visit, several bilateral agreements will be concluded, focusing on cooperation in the fields of education and training, science and technology as well as on environmental cooperation CAPE TOWN, South Africa, October 2, 2018,-/African Media Agency (AMA)/- Deputy President David Mabuza will host French Prime Minister Edouard Philippe on
Read MoreThe Convention is open for signature, ratification, and accession by States and regional economic integration organizations VIENNA, Austria, October 2, 2018,-/African Media Agency (AMA)/- On 28 September 2018, Gambia ratified the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the “Mauritius Convention on Transparency”). Gambia is the fifth State
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