ACP-EU gives Uganda go-ahead to proceed with East African Crude Oil Pipeline project

Construction of pipeline had been criticized over its link to human rights violations and potential degradation of environment. KAMPALA, Uganda The African, Caribbean, Pacific – European Union (ACP-EU) Joint Parliamentary Assembly has overturned an earlier decision and voted to allow Uganda to proceed with developing the East African Crude Oil Pipeline (EACOP) project. The 1,443-kilometer…

DRC turns heat on Uganda, accuses it of supporting M23 rebels

By DAILY MONITOR A group of Congolese parliamentarians and civil society activists have petitioned President Felix Tshisekedi to sever diplomatic relations with Uganda, accusing it of supporting advancing M23 rebels. They also want Kinshasa to terminate the year-old joint military offensive by Forces Armées de la République Démocratique du Congo (FARDC) and Uganda People’s Defence…

Ugandan lawmakers sign off on $464 million infrastructure loan

Elias BiryabaremaReuters KAMPALA, Nov 3 (Reuters) – Uganda’s lawmakers have approved a request by the government to allow it to borrow $464 million from Standard Chartered Bank STAN.L and other international lenders to help finance infrastructure development, parliament said on Thursday. “The House has approved a request to borrow to $464.13 million from Standard Chartered Bank and other finance…

Emirates suspends Nigerian flights again over trapped ticket sales

MacDonald DzirutweReuters LAGOS, Nov 3 (Reuters) – Dubai’s Emirates has suspended flights to Nigeria for the second time since September citing an inability to repatriate funds from Africa’s biggest economy, the airline said on Thursday. Nigeria is facing severe dollar shortages, forcing many citizens and business to seek forex on the black market, where the naira currency…

A showdown over climate reparations is brewing — and it will determine the success of the COP27 summit

Sam MeredithCNBC KEY POINTS The annual gathering of the U.N. Climate Change Conference will see more than 30,000 delegates convene in the Red Sea resort town of Sharm el-Sheikh to discuss collective action on the climate emergency. One core issue likely to dominate proceedings concerns climate reparations, sometimes referred to as “loss and damage” payments.…

Guinea junta seeks to prosecute ex-president Conde on corruption charges

Guinea’s justice minister on Thursday ordered legal proceedings against former President Alpha Conde and more than 180 officials from his deposed regime for alleged corruption and embezzlement of public funds, according to a public document. The West African country is run by a military junta that overthrew Conde, 84, in a coup last year. Some opponents of the junta say it is going…