The objective of the project is to help reduce rural poverty in Uganda by facilitating access to and utilization of affordable financial and business development services for an estimated 1.4 million rural poor in the country's districts.
United Bank for Africa (UBA) Liberia Limited has signed a $10 million financing deal with Liberia's leading telecom company, Lonestar Limited; a company owned 51% by MTN Communications Limited for a network expansion programme. The deal is one of the biggest single projects financing by a commercial bank in the country and underscores UBA Group's role in project financing across Africa.
The second phase of the Dar es Salaam-Isaka-Kigali/Keza-Musongati Railway project study will cover the existing 970-km Dar es Salaam-Isaka railway link and its extensions.
Piracy off the coast of Somalia was not only a criminal activity, but it was, first of all, a very successful business, the Secretary-General’s Special Representative for Somalia and Head of the United Nations Political Office there told the Security Council today.
A wheat flour shortage looms as Somali pirates hit closer home -- our dinner tables.
In late October, the Puntland government arrested five men of Ogadeni origin. These men came to Puntland using Somali travel documents provided by Somali authorities in Yemen.
The transitional federal government president Sharif Sheik Ahmed has held press conference in Mogadishu on Friday and said that he was very sorry for the misunderstanding between the TFG, Puntland and Ahlu Sunna.
In response to reports that Kenya is recruiting youth to go and fight Somalia war, a Muslim clergy has cautioned Muslim youth not to allow themselves to be drawn by financial incentives and accept to undertake mercenary work outside the country.
UGANDA is to host a programme in which 2,000 Somalia security personnel will be trained by European Union (EU) soldiers.
The president of Somalia's Puntland State has said that his government will play major role in the formation of more regional states that would help in stabilizing the Horn of African nation.
Sheik Yusuf Mohamed Si'ad known as (Inda'adde), the minister of state of the transitional government for the defense ministry has held press conference through the telephone in Kampala on Thursday and apologized the Islamic clerics of Ahlu sunna Waljama'a for the TFG president's statement on the clerics recently.
At least 5 people have been wounded in Galka'o town overnight after big blast convulsed in north of the town in Mudug region, witnesses told Shabelle radio on Thursday.
Escalating violence in the Somali town of Galkayo, Mudug region, is creating a climate of fear, which in turn has adversely affected livelihoods, residents say.
At least two government soldiers have been killed and more than five others have been wounded in a fire exchange between the transitional government troops in the Somali capital Mogadishu, witnesses told Shabelle radio on Thursday.
The president of the semi-autonomous region of Puntland Mr. Abdirahman Mohamed Farole has Thursday said that he was very sorry for the misunderstand between him and TFG president Sharif Sheik Ahmed in their last meeting in the Kenyan capital Nairobi.
