Reuters: Uganda News

Thousands flee to Uganda as Congo hunts renegade commander

Wed, 16 May 2012 16:26:05 +0000

* Uganda Red Cross says 40,000 refugees have crossed border

Ugandan shilling down vs dlr, seen recovering

Wed, 16 May 2012 13:26:18 +0000

KAMPALA, May 16 (Reuters) - The Ugandan shilling UGX=> weakened against the dollar on Wednesday as worries about Greece undermined riskier assets worldwide, but traders said an auction of high-yielding Treasury bills could draw foreign demand and support the currency.

Uganda's planned investment more than triples Q1 2012

Wed, 16 May 2012 12:37:08 +0000

* Investments worth $806 mln in Q1 vs $223.3 mln in Q4, 2011

Uganda's 91-day paper yield inches up to 18.7 pct

Wed, 16 May 2012 12:23:50 +0000

KAMPALA, May 16 (Reuters) - Uganda's central bank released results for a Treasury bill auction on Wednesday worth 120 billion shillings ($48.33 million). Following are the results: Tendered and accepted bids in billions. 91-DAY 182-DAY 364-DAY EFFECTIVE YIELD (pct) This Auction 18.695 20.359 20.039 Previous Auction 18.017 20.042 20.494 TENDERED BIDS (bln) This

Kenya near to sealing more offshore oil search deals

Wed, 16 May 2012 11:20:22 +0000

NAIROBI, May 16 (Reuters) - Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said.

African Markets - Factors to watch on May 16

Wed, 16 May 2012 05:52:04 +0000

NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: KENYA-The central bank offers 2 billion shillings of 182-day Treasury bills at auction. UGANDA-The central bank offers 120 billion shillings of Treasury bills at auction. TANZANIA-The central bank offers 30 billion shillings of 9.18 percent 5-year Treasury bonds at auction. GL

Captured LRA commander eligible for amnesty-adviser

Tue, 15 May 2012 14:21:28 +0000

KAMPALA, May 15 (Reuters) - A Lord's Resistance Army commander captured at the weekend is eligible to apply for amnesty, a Ugandan government legal adviser said on Tuesday, but a United Nations official said Caesar Achellam should face justice for the group's brutality.

Ugandan shilling slides vs dlr, seen recovering

Tue, 15 May 2012 12:35:38 +0000

KAMPALA, May 15 (Reuters) - The Ugandan shilling weakened as much as 1.1 percent against the dollar on Tuesday, pressured by dollar demand from the energy sector, but traders forecast the local currency would rebound on potential dollar inflows after a Treasury auction.

DIARY-Frontier African bond auctions this week

Mon, 14 May 2012 09:54:37 +0000

LONDON, May 14 (Reuters) - The following is a selection of domestic debt auctions expected from frontier African governments this week: GHANA INSTRUMENT AUCTION DATE AMOUNT (mln) 91- & 182-day 18/05/12 425 T-bills; 1- & 2-year notes ($1 = 1.9 cedi) KENYA INSTRUMENT AUCTION DATE AMOUNT (mln) 182-day T-bill 16/05/12 2,000 91-day T-bill 17/05/12

Ugandan shilling stable vs dollar, eyes auction

Mon, 14 May 2012 09:49:35 +0000

By Elias Biryabarema KAMPALA, May 14 (Reuters) - The Ugandan shilling held steady against the dollar on Monday as preparations by companies for mid-month tax payments depressed greenback demand, and traders said a Treasury bill auction this week could give the currency a boost. The Bank of Uganda (BoU) is due to sell 120 billion shillings ($48.7 million) of Treasury bills on Wednesday and some traders expect significant foreign investor participation on the back of relatively high yiel