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NEWS ANALYSIS

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Bad outlook for Ugandan banks

Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …

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South Sudan ceasefire goes into effect

Juba, South Sudan | AFP | A ceasefire between South Sudan’s warring parties went into effect just after midnight Sunday, in what is the latest bid to end a devastating four year war. Government and several armed groups signed a ceasefire deal Thursday during peace negotiations in Addis Ababa, to begin …

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