Kampala / AFP South Korea’s president arrived in Uganda, the second leg of her Africa tour during which she is promoting business and trade opportunities. President Park Geun-hye was welcomed at Uganda’s Entebbe International Airport by Foreign Affairs Minister Sam Kutesa. This is the first visit by a South Korean president since the two countries established diplomatic ties in …

  Kathmandu / AFP Nepal’s government unveiled the first budget drawn up since the country introduced a new constitution last September, with a focus on funding reconstruction and reviving the battered economy. Millions continue to live in temporary shelters after a 7.8-magnitude earthquake hit the Himalayan nation in April 2015, killing nearly 9,000 people. Finance minister Bishnu Prasad Poudel outlined …

  Bloomberg Bayer AG is close to choosing banks to arrange funds for its proposed acquisition of Monsanto Co., according to people familiar with the matter, after the U.S. company rejected the initial $62 billion bid as too low and sought reassurances on the potential financing. Bayer will probably raise more than $40 billion in short-term bridge financing and most …