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East Africa: Kenya, Uganda and Tanzania Budgets Focus On Infrastructure

Kenya yesterday presented the biggest budget in the region as East African Community (EAC) member states unveiled their 2014/15 budget estimates, all majorly looking to invest more in infrastructure development.

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World Bank postpones $90m Uganda loan over anti-gay law

The World Bank has postponed a $90m (£54m) loan to Uganda over its tough anti-gay law, which has drawn criticism from around the world. World Bank officials said they wanted.

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Ugandan President Yoweri Museveni signs anti-gay bill

 The BBC’s Catherine Byaruhanga: “Many citizens are quite happy the president is defending what they say are traditional African values” Uganda’s president has signed into law a bill toughening penalties.

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Kenya To Invest $74million In Uganda Oil Refinery

Kenya has concluded plans to invest in Uganda’s proposed oil refinery project which is expected to gulp $2.5 billion, after host country offered regional nations an invitation to acquire a.

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Africa’s Newest Billionaire: Ugandan-Born Sudhir Ruparelia, Builds $1.1 Billion Fortune From The Ground Up

Ugandan-born Sudhir Ruparelia worked menial jobs in the United Kingdom, saved up, returned to the country of his birth and built the largest property portfolio in the land  The next.

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Kenya seizes ivory ‘going from Uganda to Malaysia’

Poached ivory “disguised” as sun-dried fish has been seized in the Kenyan port city of Mombasa, officials say. The consignment of some 770 pieces, hacked out of elephants, had come.

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