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Ethiopia agrees $1bln financing deal with World Bank
Ethiopia agrees $1bln financing deal with World Bank

Zawya

time04-07-2025

  • Business
  • Zawya

Ethiopia agrees $1bln financing deal with World Bank

Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic reform programme and boost growth. The money will bolster government efforts to ensure financial sector stability, enhance trade competitiveness and strengthen domestic resource mobilization, Ethiopia's finance ministry said in a post on Facebook. The World Bank said in a statement that the financing comprised a $650 million grant and a $350 million concessional loan. It said that subject to board approval and resource availability, the World Bank Group's International Development Association expects to give Ethiopia roughly $5 billion in new financing over the next three fiscal years. The funding pledges follow the International Monetary Fund's approval this week of the latest review of the East African country's $3.4 billion loan programme, unlocking access to another $262.3 million tranche. Reforms backed by the IMF include last year's floating of the country's birr currency and moves to open up the previously-closed economy to the private sector. The IMF said it was important for Ethiopia to improve foreign exchange market functioning, boost domestic revenues, restore external debt sustainability and enhance fiscal transparency. (Reporting by Dawit Endeshaw; writing by Elias Biryabarema; editing by Alexander Winning and Alexandra Hudson)

Uganda declares end to latest ebola outbreak
Uganda declares end to latest ebola outbreak

Yahoo

time26-04-2025

  • Health
  • Yahoo

Uganda declares end to latest ebola outbreak

By Elias Biryabarema KAMPALA (Reuters) -Uganda on Saturday declared an end to the country's latest outbreak of ebola, three months after authorities confirmed cases of the highly infectious and often fatal viral hemorrhagic infection in the capital Kampala. The East African country announced its latest outbreak on January 30 after the death of a male nurse who tested positive for the virus. "Good news! The current ebola Sudan Virus Disease outbreak has officially come to an end," the health ministry said in a post on the X platform. It added the declaration of the end of the outbreak followed 42 days "without a new case since the last confirmed patient was discharged." In the post, the ministry did not give the latest total caseload recorded during the outbreak. In early March when the ministry last reported on the caseload, it said at least ten cases had been recorded with two deaths. Ebola infections are frequent in Uganda which has many tropical forests that are natural reservoirs for the virus. The latest outbreak, caused by the Sudan strain of the virus which has no approved vaccine, was Uganda's ninth since the country recorded its first infection in 2000. Uganda also neighbours the Democratic Republic of Congo which has recorded over a dozen outbreaks, including one in 2018-2020 that killed nearly 2,300 people. The outbreak started in Kampala, a crowded city of about four million that is also a crossroads for routes branching out to eastern Congo, Kenya, Rwanda and South Sudan. Although outbreaks have been common, health experts say the country has been able to leverage on its experience battling the disease over the years to bring them under control relatively quickly. Ebola is transmitted through contact with infected bodily fluids and tissue. Symptoms include headache, vomiting of blood, muscle pains and bleeding.

Uganda plans law to allow military prosecution of civilians
Uganda plans law to allow military prosecution of civilians

Yahoo

time18-04-2025

  • Politics
  • Yahoo

Uganda plans law to allow military prosecution of civilians

By Elias Biryabarema KAMPALA (Reuters) - The Ugandan government intends to introduce a law to allow military tribunals to try civilians for certain offences even after the practice was banned by the Supreme Court. Human rights activists and opposition politicians have long accused President Yoweri Museveni's government of using military courts to prosecute opposition leaders and supporters on politically motivated charges. The government denies the accusations. In January Uganda's Supreme Court delivered a ruling that banned military prosecutions of civilians, which forced the government to transfer the trial of opposition politician and former presidential candidate Kizza Besigye to civilian courts. If successfully enacted, the new law could allow the government to take Besigye back to a military court martial. The law has been drafted and is awaiting cabinet approval before it is introduced in parliament, Nobert Mao, the minister for justice and constitutional affairs, told parliament late on Thursday. The law will define "exceptional circumstances under which a civilian may be subject to military law", he said. Besigye, a veteran political rival of Museveni, has been in detention for nearly five months on what his lawyers say are politically motivated charges. He was detained in neighbouring Kenya in November and subsequently transferred to Uganda, where he was charged in a military court-martial with illegal possession of firearms among other offences.

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