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Uganda Loses AfDB Shares After Financial Default

Uganda Loses AfDB Shares After Financial Default Uganda has lost a substantial shareholding in African Development Bank after failing to pay its subscription fees. Uganda’s shareholding shrunk by 1,347 shares after the government failed to pay USD1.3m as subscription fees. According to the Auditor General’s report for 2015/16, Uganda owed AfDB subscription fees amounting to […]...

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Published By: redpepper - Thursday, 20 April