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    Sports chief raises alarm over doping spike amid Region 5 triumph

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    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

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Uganda: Fitch affirms ratings at B+ with a negative outlook

mm by RMB Africa Research
September 11, 2023
in News
Reading Time: 1 min read
0
UK Rating Agency revises Botswana’s growth down
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UGANDA: Fitch Ratings affirmed Uganda’s long-term foreign-currency issuer default rating (IDR) at B+ with a negative outlook on 8 September.

In its statement, the rating agency said the negative outlook reflects Uganda’s weak external liquidity position and challenges to its access to external concessional financing and grants related to concerns about democracy, human rights, and corruption, further heightened by the passing of the Anti-Homosexuality Act (AHA) in 2023.

Fitch said that the impact of the act on funding in the fiscal year ending June 2024 (FY24) appears manageable as the majority of World Bank financing included in the government budget had already been approved by the board. Meanwhile, high government interest payments and rising external debt service costs are set to exacerbate financing and liquidity pressures. (ETM)

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