Six blocks in the Albertine Graben Region in western Uganda are being offered to oil companies in an open-bidding process writes BAZ WAISWA.

Moody's Investors Service has today assigned first-time local- and foreign-currency issuer ratings of B1 to the Government of Uganda. The ratings carry a stable outlook.

The year ending November 2013 registered an Annual Headline Inflation rate of 6.8% compared to the 8.1% that was recorded for the year ended October 2013, Uganda Bureau of Statistics said.

Uganda's central bank held its benchmark lending rate at 12 percent on Wednesday,