Bloomberg Standard Bank Group Ltd.’s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year as the East African country prepares to start oil production by 2020. Stanbic Bank Uganda was appointed alongside Japan’s Sumitomo Mitsui Banking Corp. as joint financial adviser for the 1,445-kilometre pipeline, Patrick Mweheire, the chief executive officer ...

Bloomberg South Africa’s High Court scrapped a bid by the nation’s anti-graft ombudsman to change the central bank’s inflation-targeting mandate. The Public Protector’s instruction that lawmakers should start a process to change the constitution and amend the Reserve Bank’s mandate is set aside, Judge Cynthia Pretorius said in a ruling. The judgment removes the risk of politicians interfering in the ...

Bloomberg Hong Kong’s attempt to force bank interest rates higher—seen by some as a bid to arrest losses in the local currency—has been given a big fat zero by the markets. Plans to sap liquidity by boosting debt sales triggered an about-turn in the Hong Kong dollar on Wednesday, spurring speculation over the fate of one of the world’s surest ...