Uganda News
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Ethiopian and Somali troops captured the central Somali town of Baidoa from al-Shabaab, the militant group linked to al-Qaeda, Ethiopian Foreign Ministry spokesman Dina Mufti said.
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Ugandan opposition leader Kizza Besigye was injured along with with three senior members of his party when they claim police fired rubber bullets and assaulted them in halting a planned rally in the capital.
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Tullow Oil Plc dropped the most in a month after an exploration well in Sierra Leone showed the reservoir may not be commercial.
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Kenya’s shilling climbed for the first time in four days on signs that the euro-area debt crisis will be resolved.
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Tullow Oil Plc, the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore.
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Uganda, Africa’s biggest coffee exporter, is maintaining its target to boost production to 4.5 million bags by 2015 even as it faces challenges from rising temperatures and coffee-wilt disease, an industry body said.
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Diamond Trust of Kenya Ltd., a Kenyan bank that is also publicly traded in Uganda and Tanzania, rose to the highest level in almost three months.
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East African Breweries Ltd., the Kenyan unit of Diageo Plc., said first-half profit grew 17 percent as revenue jumped following an increase in sales of spirits. The shares climbed to a one-month high.
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Kenya’s shilling weakened for the second day as delays in delivering a second bailout to Greece increased concern Europe’s debt crisis will worsen, damping demand for riskier, emerging-market assets.
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Nuziveedu Seeds Pvt Ltd., an Indian company that’s the world’s third-largest cotton-seed producer, is exploring plans to start sugar production in Uganda, the nation’s presidency said.
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