By the AFREEQUE newsroom, based on Financialafrik
The Bank of Uganda intervened in the foreign exchange market to support the shilling, according to Financial Afrik. The action follows several recent monetary measures, including raising the policy rate to 12% and the reserve requirement ratio to 13.5%.
Ghanaian President John Dramani Mahama wants to end exports of unprocessed minerals by 2030 to support the country’s industrialisation. He reaffirmed this policy at the FT Africa Summit, as Ghana remains heavily dependent on commodity exports, according to Financial Afrik.
🇬🇭 Ghana · Source: Financialafrik ·
Uganda’s Parliament has launched a week-long staff verification to match occupied posts with its official structure, amid allegations of irregular recruitment and ghost employees. The operation, conducted with Speaker Jacob Markson Oboth, follows an initial qualifications check, according to The Observer.
🇺🇬 Uganda · Source: The Observer ·
The Blantyre Water Board has temporarily shut down the Walkers Ferry pumping station after vandals damaged a valve, disrupting supply to several areas. Water tankers are to prioritise hospitals and public institutions during repairs, according to Malawi24.
🇲🇼 Malawi · Source: Malawi24 ·
First National Bank is relaunching unsecured business loans, pre-approved based on the banking data of eligible companies, to finance their working capital and expansion. Mark Achiampong, the bank’s head of commercial and business banking, presents the offer as a way to facilitate small and medium-sized enterprises’ access to credit.
🇿🇦 South Africa · Source: Ghanaiantimes ·
Rwandan dissident Robert Kabera buried without his head in UgandaRobert Kabera, a former Rwandan soldier and critic of Paul Kagame, was buried in Uganda without his head, which was found separately after his death. His mutilated body was discovered on 17 October in an eucalyptus plantation in Luwala, Uganda’s Mpigi District, while investigators are still seeking a motive.
Ethiopia’s Megech dam to irrigate 17,000 hectaresEthiopia has inaugurated the Megech irrigation dam near Gondar, with a storage capacity of 185 million cubic metres and the aim of irrigating more than 17,000 hectares. The project could benefit around 45,000 farming households and enable up to three harvests a year, according to Prime Minister Abiy Ahmed and the Ethiopian News Agency.The week in Africa
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