Bank of Tanzania sets new policy rate at 5.5 per cent

Bank of Tanzania sets new policy rate at 5.5 per cent

Inflation in the East African nation fell to 3 per cent in December from 3.2 per cent in November.

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AU, EU and US are wary Sudan conflict and Somalia’s tension with Ethiopia will fuel war in Horn of Africa

AU, EU and US are wary Sudan conflict and Somalia’s tension with Ethiopia will fuel war in Horn of Africa

Amid the renewed calls for a ceasefire, the United Nations announced on Thursday that the UN Fact-Finding Mission on Sudan, which is charged with investigating violations of human rights and international humanitarian law since April 15, began its work this week.

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Finance Minister: Kenya receives $210 million in loans from Trade and Development Bank

Finance Minister: Kenya receives $210 million in loans from Trade and Development Bank

In a letter to the IMF published on Thursday, Ndung’u and the central bank governor said Kenya intended to go to international bond markets as soon as the market situation allowed.

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Uganda enters bizarre military deal with Central African Republic to promote ‘peace and stability’

Uganda enters bizarre military deal with Central African Republic to promote ‘peace and stability’

Landlocked CAR is bordered by Chad (north), Sudan (north-east), South Sudan (east), Democratic Republic of Congo (DRC) (south), Congo Republic (south-west) and Cameroon (west).

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Puzzle for British PM as asylum seekers sent to Rwanda by UK report sexual abuse, harassment

Puzzle for British PM as asylum seekers sent to Rwanda by UK report sexual abuse, harassment

Reports of abuse and harassment coincide with a tense legal and legislative battle by UK Prime Minister Rishi Sunak to push through a controversial plan to deport hundreds of asylum seekers from the UK to Rwanda for processing and eventual resettlement.

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While Museveni uses poverty to trample upon Basoga people, he should bear in mind they are worth $12 trillion in gold

While Museveni uses poverty to trample upon Basoga people, he should bear in mind they are worth $12 trillion in gold

Government officials continue to say Busoga is poor because the people are lazy. But Busoga has now a new choice to rise to prosperity again: its mineral wealth. Perturbed by the NRM government exclusionary strategy to separate Busoga from its mineral wealth and then continue characterising the Basoga as lazy

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African currencies under pressure but Ghana’s cedi to hold firm as Kenya’s slips to Ksh165 to the dollar

African currencies under pressure but Ghana’s cedi to hold firm as Kenya’s slips to Ksh165 to the dollar

The Ugandan shilling is expected to trade in a stable range as dollar inflows from commodity exporters match low importer demand. Commercial banks quoted the shilling at 3,800/3,810, compared with last Thursday’s close of 3,795/3,805.

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Somalia rejects talks with Ethiopia as Eastern Africa leaders meet in Uganda to defuse a diplomatic crisis

Somalia rejects talks with Ethiopia as Eastern Africa leaders meet in Uganda to defuse a diplomatic crisis

At a news conference on Thursday, Ambassador Meles Alem, Ethiopia’s foreign affairs spokesperson, rejected a statement by the Arab League on Wednesday that called the MOU “a clear violation of international law”.

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In Africa’s first ‘safe city’ surveillance reigns but crime levels are rising as CCTV cameras don’t work

In Africa’s first ‘safe city’ surveillance reigns but crime levels are rising as CCTV cameras don’t work

Nairobi launched its massive traffic surveillance system in 2014 as the country was grappling with a terrorism crisis. A series of major attacks by al-Shabab militants, including the September 2013 attack at Nairobi’s Westgate shopping complex in which 67 people were killed, left the city reeling and politicians under extreme pressure to implement solutions. A modern, digitized surveillance system became a national security priority. And the Chinese tech hardware giant Huawei was there to provide it.

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Somaliland war drums: AU urge restraint between Somalia and Ethiopia as EAC meets in Uganda

Somaliland war drums: AU urge restraint between Somalia and Ethiopia as EAC meets in Uganda

The East African trade bloc Igad said last week it will meet January 18 in Uganda to discuss the tensions between Ethiopia and Somalia. Somaliland, a territory of about 4.5 million people, has been on a quest for formal statehood for more than three decades, but it remains unrecognized globally, leaving it poor and isolated.

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