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- Indexed articles, last 90 days
- 8
- Latest publication
- Sep 17, 2026
- Outlet visibility, for CNBC Africa
- Top 500K sites
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- Aug 17, 2026
Latest articles
Uganda hikes bank reserve ratio as shilling slides to two-year low | CNBC Africa (opens the original)
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KAMPALA, Sept 17 (Reuters) – Uganda’s central bank has raised the cash reserve requirement for commercial banks, a move that follows a sharp weakening of the local currency, recently trading near its lowest level in more than two years. The shilling has come under pressure in recent weeks as manufacturers and energy-sector firms boosted demand for dollars to manage higher fuel costs linked to the Middle East conflict. At 1328 GMT, it traded around 3,925 per dollar, around its weakest level since
Uganda’s currency among those facing pressure | CNBC Africa (opens the original)
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KAMPALA, Sept 17 (Reuters) – The currencies of Uganda, Ghana and Zambia are expected to remain under pressure in the next week to Thursday, while those of Nigeria and Kenya are forecast to be largely stable, traders said. Uganda’s shilling is expected to extend recent losses as the Iran war continues to drive demand for dollars. Commercial banks quoted the shilling at 3,925/3,935 to the dollar, weaker than last Thursday’s close of 3,860/3,870. Uncertainty over how long the conflict will last has
Uganda holding last-ditch talks over king’s succession to allow him to be buried | CNBC Africa (opens the original)
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KAMPALA, Sept 11 (Reuters) – Uganda’s government is racing to help resolve a bitter royal succession dispute in the Tooro Kingdom after the death of monarch Oyo Nyimba aged 34, so he can be buried on Saturday, a spokesperson for the kingdom said on Friday. King Oyo, who was crowned in 1995 at the age of 3, is due to be laid to rest in an official ceremony with thousands of mourners and dignitaries in attendance, but the funeral cannot proceed unless agreement is reached on who will succeed him t
Uganda names its crude oil Pearl Sweet ahead of production | CNBC Africa (opens the original)
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KAMPALA, Sept 2 (Reuters) – Uganda on Wednesday named its blended crude oil grade “Pearl Sweet”, a key step ahead of the East African country’s planned start of commercial oil production by the end of this year. Uganda discovered commercial crude reserves two decades ago in fields along the Albertine rift basin on its border with Democratic Republic of Congo. Commercial production has been repeatedly delayed by a lack of infrastructure and disagreements between the government and international o
Tanzania’s ruling party picks new candidate for vice president | CNBC Africa (opens the original)
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DAR ES SALAAM, Aug 27 (Reuters) – Tanzania’s ruling Chama Cha Mapinduzi party has picked the energy minister as its nominee for the new vice president, the party’s secretary general said late on Wednesday, after the incumbent announced his resignation less than a year into the job. Outgoing Vice President Emmanuel John Nchimbi will leave office on September 4, having served since last November. His resignation followed criticism from some in the party for remarks about the constitution last mont
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