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Somalia, Uganda
Landmark bank licence bolsters Museveni's regional power play

Reading time 3 min

Ugandan president Yoweri Museveni in Entebbe, Uganda, 12 July 2023.
Ugandan president Yoweri Museveni in Entebbe, Uganda, 12 July 2023. © Reuters

In mid-September, the Ugandan authorities awarded the first Islamic banking license to Somalia's Salaam Bank. It marks a change of gear in the president's business diplomacy in the region.

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