About Africa Realities Media
Uganda Shilling Is Sliding...
Uganda Shilling Slides as Donors Cut Aid on Anti-Gay Law
Bloomberg - 14 hours ago
Uganda's shilling fell the most since March 2012 against the dollar
after donors started cutting aid after President. Yoweri Museveni
signed a law that imposes life sentences on some homosexual acts.
Norway is withholding aid and Denmark said it will redirect assistance
to private industries, while Swedish Finance Minister
Anders Borg is reconsidering his nation's program. That comes after
Standard & Poor's cut Uganda's credit rating last month on concern
that the budget deficit will widen as spending increases and donors
including the World Bank, the U.K. and Ireland suspended support in
2012 because of corruption. Africa's biggest coffee exporter relies on
donors for about 20 percent of its annual budget.
Museveni signed the law on Feb. 24 after scientists in Uganda found no
genetic link to homosexuality. Uganda's shilling has dropped for three
straight days, paring gains in Africa's third-best performing currency
this year. The currency of East Africa's third-biggest economy fell
2.2 percent to 2,513 per dollar by 6:57 pm. in Kampala, the capital.
"In the long run, foreign-direct investment could be withdrawn, which
will have a bigger impact than the donor aid," Jacques Nel, an
economist at NKC Independent Economists in Paarl, South Africa, said
by phone. The law "creates increased risk that companies may no longer
invest in the country or invest less," he said.
Economic Growth
The shilling's gain of 3.1 percent this year to Feb. 21, the last
trading day before the law was signed, has been bolstered by economic
growth forecast to accelerate to 6.5 percent this year from 5.6
percent in 2013, according to the International Monetary Fund. The
central bank began cutting its benchmark interest rate two years ago,
halving it to 11.5 percent from 23 percent, while neighboring Kenya
cut its lending rate to 8.5 percent from 18 percent over the period.
While the drop in the shilling on the aid cuts may be an immediate
"overreaction," because of the portion of the nation's budget it
accounts for, there's an increased risk that potential investments of
more than $2 billion in 2014 this year may slow, NKC'S Nel said.
The shilling's decline may be related to other economic fundamentals
other than the signing of the bill, Tamale Mirundi, the president's
press secretary, said by phone from Kampala. Investors and other
countries "cannot force us to take what we don't want," he said in
reference to pressure to reverse the laws.
Sochi Games
Homosexuality is a crime in 38 of 54 sub-Saharan Africa nations,
according to Amnesty International. Nigerian President Goodluck
Jonathan signed a law last month that bans gay groups, imposes a
14-year jail sentence for same-sex couples who live together and 10
years for people who make a "public show of same-sex amorous
relationships."
Sponsors of the Sochi Winter Olympics, including McDonald's Corp. and
Coca-Cola Inc., faced protests from consumers over Russia's anti-gay
legislation. American Airlines Group Inc. and Apple Inc. are among
companies calling on Arizona Governor Jan Brewer to veto a bill
permitting businesses to refuse service on religious grounds, a
measure that opponents say is meant to allow discrimination against
gays.
In Uganda, where a tabloid newspaper yesterday printed a list of
dozens of people it said are gay, some companies wouldn't comment on
the stricter laws. Sanlam Ltd., a Cape Town-based insurer with
operations in the country, declined to comment on the legislation,
Ainsley Moos, head of group of communications, said in an e-mailed
response to questions.
"Barclays Africa Group is assessing the potential impact of the
Ugandan law relating to homosexuality," the unit of London-based
Barclays Plc said in an e-mailed response to questions. Standard Bank
Group Ltd. is reviewing the legislation and isn't able to comment,
said Kate Johns, a spokeswoman for the lender, Africa's largest.
Uganda's yields on local-currency bonds due November 2028 rose 15
basis points, or 0.15 percentage points, to 15 percent, the first
climb in 13 days, according to Standard Chartered data compiled by
Bloomberg. The Bank of Uganda auctioned 70 billion shillings ($28
million) of 15-year paper at a yield of 15.25 percent, little changed
from a sale in December.
To contact the reporter on this story: Eric Ombok in Nairobi at
eombok@bloomberg.net
To contact the editor responsible for this story: Vernon Wessels at
vwessels@bloomberg.net
http://www.google.ca/gwt/x?gl=CA&hl=en-CA&u=http://www.bloomberg.com/news/2014-02-26/uganda-anti-gay-law-sends-shilling-to-biggest-drop-in-six-months.html&q=Uganda+Shilling+Slides+as+Donors+Start+Withdrawing+Aid+After+Anti-Gay+Law
Support Our Work Now !
Africa Realities Media is independent. Your support helps us expose injustice, challenge silence and produce evidence-based analysis on Africa and the Great Lakes Region.
Africa Realities Media offre un espace aux écrivains, chercheurs, experts, activistes, voix communautaires, militants, analystes et personnes ayant une expérience vécue qui souhaitent contribuer à des contenus réfléchis, responsables et courageux sur les changements nécessaires dans la région des Grands Lacs, ainsi que sur les réalités politiques, économiques, culturelles et sociales africaines souvent ignorées, minimisées ou mal représentées.
Nos articles et vidéos visent à ouvrir le débat, renforcer la sensibilisation, encourager la pensée critique et favoriser une réflexion plus profonde sur les réalités vécues par les populations africaines. Nous voulons aider les peuples de la région des Grands Lacs à mieux comprendre leurs droits, notamment leurs droits humains, leur droit au développement, leur droit à la dignité, à la sécurité, au bien-être et à une vie meilleure.
À travers nos contenus, nous cherchons également à rappeler aux décideurs, aux institutions publiques, aux acteurs régionaux et internationaux, ainsi qu’aux responsables politiques, leur devoir de transparence, de responsabilité et de redevabilité envers les populations qu’ils prétendent servir. Notre objectif est de contribuer à une culture de vérité, de justice, de participation citoyenne et de protection égale pour tous les peuples africains.
Why We Exist
Many abuses facing African people are committed by African states, ruling elites, armed groups, military forces and security services. But these abuses are often sustained by international silence, Western lobbying, trade interests, migration deals, mineral access, diplomatic partnerships and unequal global accountability.
Africa Realities Media exposes that system.
Lived Experience Matters
Survivors, displaced communities, refugees, families affected by repression, journalists, activists, women, young people and diaspora voices are not passive subjects. They are knowledge holders.
Their experiences must shape policy, advocacy, journalism and public debate. The people closest to injustice are often closest to the solutions.
Our Principle
Africa Realities Media is rooted in one principle: African lives deserve equal truth, equal justice and equal protection.
Popular Posts
A votre aimable attention s'il vous plait, Cher(e) lauréat(e), veuillez prendre connaissance de la pièce jointe et automatiquement entrer en contact avec Maître Bakary TOGORA dont les informations sont les suivantes : Vous avez gagné 250.000€ suite à un tirage au sort. CABINET JURIDIQUE MAITRE BAKARY TOGORA. Adresse Mail: cabinet_consultant.togorab@hotmail.fr Contact Téléphonique: (+22) 546 077 726. Adresse Permanente : 20 Avenue du Général De Gaulle, Plateau Rue du Commerce, Immeuble le petit Bassam, Abidjan. Numéro de la fondation : +1 347 434 5496 LA DIRECTION DES OPERATIONS. __._,_.___ Répondre en mode Web Répondre à expéditeur ...
Share 64 3 Share 3 1 Tweet 64 Women mostly in South and Central Africa, and Indonesia are carrying out a horrific practice known as ‘ Dry Sex’ which not only leaves them in pain but at increased risk of HIV. Dailymail Report Dry sex is a practice where women reduce moisture in their vaginas in order to make intercourse more pleasurable for men. This according to reports can lead to cuts, sores and inflammation in the vagina, and increases the chance of a condom breaking. These factors in turn increase the chance of the women contracting sexually transmitted diseases including HIV. It is borne out of a cultural belief that men find sex more pleasurable if a woman’s vagina is dry, and that men will reject women whose vaginas have been ‘stretched out’ by sex. To achieve dryness, women insert, chalk, sand, pulverized rock, herbs, paper or sponges before sex, according to journalist Ms Syfret, who has reported o...
http://www.inyenyerinews.org/amakuru-2/the-paul-kagame-doctrine-after-20-years/ African leaders have just concluded a mini summit in Luanda, Angola, to discuss the conflict in DRC and the diplomatic showdown between South Africa and Rwanda. It is reported, as usual, that a "Luanda Declaration" was signed, and President Zuma and President Kagame "agreed" to talk to "resolve" the impasse between their two countries. The latest quarrel between South Africa and Rwanda is due to the assassination of Colonel Patrick Karegeya in South Africa on 31/12/2013 and another attempted assassination on General Kayumba Nyamwasa a couple of weeks ago. Is this new ground for hope, or it is the usual diplomatic hype, postponing the problem to a later date? This writer firmly believes it is the latter. A good foreign policy champions, defends and protects a country's ( read people's) national interests. It seeks friends and...
http://glpost.com/rwanda-leader-paul-kagame-gets-jewish-embrace-human-rights/ Great Lakes Post Website: http://www.glpost.com Facebook: https://www.facebook.com/greatlakespost Twitter: Great Lakes Post@greatlakespost __._,_.___ Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (1) ---------------------------------------------------------- The Voice of the Poor, the Weak and Powerless. More News: http://changingaf...
----- Forwarded Message ----- From: MUSABYIMANA JEAN DE DIEU <musajados@yahoo.fr> To: Democracy Human grpe <Democracy_Human_Rights@yahoogroupes.fr>; cliir Antoine <cliir2004@yahoo.fr>; CORWABEL ASBL <corwabel@gmail.com>; leprophete umuhanuzi <lepropheteu@yahoo.com>; ijwiryarubanda ijwiryarubanda <ijwiryarubanda@ijwiryarubanda.com> Sent: Monday, 31 March 2014, 11:34 Subject: *DHR* pétition à l' Union Européenne contre l'arrivée du criminel kagame Soutenez les étudiants en signant contre l'arrivée du plus grand criminel de l'histoire de l'humanité à Bruxelles. signer ici svp!: https://secure.avaaz.org/fr/petition/LUnion_Europeenne_Conseil_de_securite_de_lONU_Contre_la_visite_du_Hitler_Paul_Kagame_le_criminel_a_la_tete_du_Rwanda/edit L'Union Européenne. Conseil de sécurité de l'ONU: Contre la visite du Hitler...
Nyirubwite "Maître" Evode Uwizeyimana yarabyivugiye ko kontaro ye izamara amezi atandatu. Ubwo iyo comisiyo nayo izamara amezi atandatu. Ngira ngo kandi mwiboneye igisubizo cya Barreau ya Québec yemeza ko "Maître" Evode Uwizeyimana atigeze aba avocat muri Kanada! Ahasigaye ababishoye mwatwohereza cya gisigo cya "Maître Corbeau Et Le Renard". -- SIBOMANA Jean Bosco Google+: https://plus.google.com/110493390983174363421/posts YouTube Channel: http://www.youtube.com/playlist?list=PL9B4024D0AE764F3D http://www.youtube.com/user/sibomanaxyz999 ***Online Time:15H30-20H30, heure de Montréal.***Fuseau horaire domestique: heure normale de la côte Est des Etats-Unis et Canada (GMT-05:00)*** __._,_.___ Reply via web post ...
Komera Agnes. Kiriya kiganiro cyahise kuri Radio Flash FM naracyumvise ariko nasanze nta gishya kiri mo, ari propagande isanzwe ya FPR igamije gushyushya imitwe y'abantu ngo bareke gutekereza ku bikorwa bindi bishobora kuzahura uRwanda muri rusange. Njye yaba Jannette yaba Habumuremyi ndetse n'undi wese uzava muri RPF simpamya ko azatsinda amatora yo muri 2017. Nemeranya n'iyi Raporo ya AFRICOM k' uRda yo muri 2011 aho ivuga ko RPF yamaze urwayo, ko rero yagombye kujya ku ruhande, ikareka n'abandi bakayobora. Pour votre info: Excerpts from: Rwanda : assessing risks to stability By Jennifer G. Cooke Center for Strategic & International Studies Washington, DC June 2011 ( http://csis.org/files/publication/110623_Cooke_Rwanda_Web.pdf ) ======================================= "The elections in 2017 could be a moment for a significant pol...
Mme Vidal La première caractéristique d'un blanc menteur c'est de faire comme si la tragédie rwandaise avait commencé le 6 Avril 1994, et de chercher les preuves là où elles ne sont pas, c'est-à-dire au détour de petites phrases prononcées par des personnes qui ne maîtrisent pas la langue, qui étaient enflammées ou qui sont malmenées par leurs interrogateurs. Quand vous parlez de planification du génocide, vous oubliez ceux à qui il a profité et qui avant tout le monde ont commis des exactions contre la population civile. La rancœur accumulée par les hutus contre les tutsis a été notamment été favorisée par le nettoyage ethnique opéré par le FPR dans les régions de Byumba et Ruhengeri, ce qui a eu pour résultat, un million de réfugiés entassés aux portes de Kigali. Parler du génocide et omettre de parler de cette situation est un mensonge par omission. Disons comme vous l'affirmez que l'attentat n'a...
----- Forwarded Message ----- From: Theobald Gakwaya <tgakwaya@yahoo.com> To: "Democracy_Human_Rights@yahoogroupes.fr" <Democracy_Human_Rights@yahoogroupes.fr> Sent: Friday, 28 March 2014, 19:31 Subject: Re: *DHR* RADIO IMPALA. Abatekereje gushyiraho Radio yo kumara abaturage ubwoba ngo baharanire uburenganzira bwabo bagize neza cyane Ariko se niba barabwiye uwo mugiraneza ko Radio Impala ari iyo gufasha opposition politique Rwandaise kugira acces kuri Medias Noneho yaba yarabaye umwihariko w'amashyaka amwe gusa bigenze bite? Mbese ariko byagenze nta buriganya bwo bwaba burimo? Mbese uwo mugiraneza yaba yari agamije gufasha gusa plateforme RNC-FDU-Amahoro Congres? Nimukomeze kutuvunguriraho natwe tumenye ukuri, Rwaka On Friday, March 28, 2014 2:06 PM, "majaribu1987@yahoo.fr" <majaribu1987@yahoo.fr> wrote: ...
Depuis les 5 dernières années, les experts sur le Rwanda n'écrivent plus des livres sur le génocide rwandais. La plupart ont disparu parce qu'ils ont honte de leurs écrits sur le Rwanda considérant que certains éléments de la vérité sur le Rwanda sont maintenant connus ou que le Rwanda avec son dictateur Kagame sont vus d'une manière différente. Mme Vidal est en train de les rejoindre. From: Rwembe Charlie <rwembe6030@yahoo.fr> To: "Democracy_Human_Rights@yahoogroupes.fr" <Democracy_Human_Rights@yahoogroupes.fr> Sent: Friday, 28 March 2014, 15:18 Subject: Re: *DHR* Claudine Vidal s'est réveillée en disant: "Et moi aussi, et moi aussi" Mme Vidal, Pourquoi ne reagissez-vous pas aux nombreuses reactions qu'a suscite votre interview? J'attends tjrs de lire votre reaction aux reactions des netters...
Why Africa Realities Media Is Different
Africa Realities Media speaks to Africa and to the developed world. Many abuses facing African people are committed by African states and ruling elites, but they are often protected by international silence, lobbying, public relations, trade interests, migration deals and unequal global accountability. While governments pay lobbyists to present a good image abroad, ordinary African people continue to face violence, hunger, disease, poverty, repression and exclusion. We challenge the normalisation of African suffering and demand equal truth, equal justice and equal protection.
Pourquoi Africa Realities Media est différent?
Africa Realities Media s’adresse à l’Afrique et au monde développé. De nombreux abus subis par les peuples africains sont commis par des États africains et des élites dirigeantes, mais ils sont souvent protégés par le silence international, le lobbying, les relations publiques, les intérêts commerciaux, les accords migratoires et une responsabilité mondiale inégale. Tandis que des gouvernements paient des lobbyistes pour présenter une bonne image à l’étranger, des Africains ordinaires continuent de faire face à la violence, à la faim, aux maladies, à la pauvreté, à la répression et à l’exclusion. Nous contestons la normalisation de la souffrance africaine et exigeons une vérité égale, une justice égale et une protection égale.
Policy and Systems Change
Our work is designed to trigger debate, discomfort and action. We do not only expose injustice; we work for policy and systems change.
We want governments and institutions to address the root causes of inequality, disadvantage, discrimination, exclusion and barriers affecting African people. We believe lasting change must be shaped by people with lived experience.
Exposing Injustice in Africa
Africa Realities Media is an independent African accountability platform based in London. We report, analyse and challenge the systems that shape African suffering, silence African victims and protect abusive power.
We are not here to repeat diplomatic language. We are here to ask the questions that are often avoided: why are African deaths treated as normal? Why are African victims given less urgency? Why are governments that imprison, exclude, displace or kill their own people protected when they serve powerful international interests?
Africa Realities Media gives space to writers, researchers, experts, activists, community voices, campaigners, analysts and people with lived experience who want to contribute thoughtful, responsible and courageous content about the changes needed in the region, as well as the political, economic, cultural and social African realities that are often ignored, minimised or misrepresented.
Our articles and videos aim to encourage debate, raise awareness, stimulate critical thinking and support reflection. We seek to help people in the Great Lakes Region understand their rights to human rights, development and wellbeing, while also encouraging decision-makers to be more transparent, responsive and accountable.
Comments
Post a Comment