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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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    FG moves to secure new $1.25bn World Bank loan amid debt concerns
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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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    Zenith Bank headquarters illustrating a cyberattack and customer data breach affecting limited customer information.

    Hackers hit Zenith Bank, steal customers’ information

    August 4, 2026
    President Bola Tinubu has enacted an executive order that creates a unified regulatory structure for virtual assets in the nation.

    Tinubu approves 30% to 80% salary increase for military personnel

    August 4, 2026
    Education Minister Dr Tunji Alausa announces adoption of Kaduna's household mapping model to identify out-of-school children nationwide.

    FG orders expulsion of students found guilty of kidnapping

    August 4, 2026
    APC to resolve Fubara, Wike crisis

    Wike reveals why Fubara wasn’t allowed to seek reelection

    August 4, 2026
    FG moves to secure new $1.25bn World Bank loan amid debt concerns

    World Bank urges Nigeria, other developing countries to embrace AI

    August 4, 2026
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