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    World Bank suspends finance to Uganda over anti-LGBTQ law

    Vincent OsuwoBy Vincent OsuwoAugust 9, 2023No Comments2 Mins Read
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    The World Bank has stopped the approval of new public finance projects in Uganda over the signing into law of a bill criminalising same-sex relationships in the country.

    According to the World Bank, “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values”.

    It further added that “no new public financing” would be presented to the bank’s board of directors for approval for the time being.

    • Uganda court charge couple for child trafficking

    The decision comes in response to demands from human rights organisations and members of the US Congress to take a harsher stance with Kampala on the law, which is among the worst in the world.

    Uganda’s Anti-Homosexuality Act of 2023 contains provisions making “aggravated homosexuality” a capital offence and imposing penalties for consensual same-sex relations of up to life in prison.

    “Our goal is to protect sexual and gender minorities from discrimination and exclusion in the projects we finance,” the World Bank said Tuesday, adding that it was in discussion with the Ugandan authorities over the issue.

    At the end of July, several members of the US Congress called Ajay Banga, the president of the financial institution to “immediately postpone and suspend all current and future lending to Uganda” until the law was struck down.

    Following the signing of the bill into law, the US State Department updated its travel advisory, telling citizens to “reconsider travel to Uganda due to crime, terrorism, and anti-LGBTQI+ legislation.”

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    Aliko Dangote speaking about plans to generate 20,000 megawatts of electricity in Nigeria amid ongoing power shortages.

    Dangote plans London Stock Exchange listing for cement business

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Federico Valverde apologises over clash with Tchouaméni

    May 8, 2026
    Yahaya Bello in court during hearing on alleged money laundering charges linked to prepaid school fees dispute.

    Yahaya Bello trial: Witness tells court how N950m Maitama property was bought in dollars

    May 8, 2026
    Federico Valverde has delivered an emotional public apology after reports emerged that he was involved in a heated training-ground dispute with teammate Aurélien Tchouaméni at Real Madrid.

    Real Madrid fine Valverde, Tchouameni €500,000 over clash

    May 8, 2026
    FCMB launches SheVentures zero-interest loan scheme for women entrepreneurs in Nigeria.

    FCMB unveils zero-interest loans for women entrepreneurs

    May 8, 2026
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