IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.11▲ 0.17% USD/MXN17.48▲ 0.32% USD/CLP924.00▼ 0.22% USD/COP3,227▼ 0.13% USD/PEN3.39▲ 0.18% USD/ARS1,475▼ 0.03% USD/UYU40.18▲ 1.61% USD/PYG6,030▲ 1.78% USD/BOB10.63▲ 4.17% USD/DOP58.42▲ 1.68% USD/CRC447.87▲ 1.83% USD/GTQ7.62▲ 2.69% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▼ 0.05% BRENT 85.99 ▲ 2.09% WTI 80.17 ▲ 1.55% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.30% GOLD 4,001 ▲ 0.38% SILVER 55.78 ▼ 0.21% SOY 1,197 ▲ 0.13% CORN 464.00 ▲ 5.10% WHEAT 677.00 ▲ 0.33% COFFEE 316.75 ▼ 1.42% SUGAR 14.63 ▲ 1.32% ORANGE JUICE 134.95 ▼ 2.81% COTTON 78.07 ▲ 0.49% COCOA 5,753 ▲ 10.30% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,221 ▼ 0.89% ETH 1,836 ▼ 1.47% SOL 74.71 ▼ 0.75% XRP 1.08 ▼ 0.32% BNB 563.51 ▼ 1.52% ADA 0.16 ▼ 0.04% DOGE 0.07 ▼ 0.64% AVAX 6.48 ▼ 0.41% LINK 8.19 ▼ 1.76% DOT 0.85 ▼ 0.56% LTC 44.26 ▼ 1.52% BCH 218.07 ▼ 1.60% TRX 0.32 ▼ 0.16% XLM 0.18 ▼ 0.64% HBAR 0.07 ▼ 0.76% NEAR 1.91 ▼ 2.67% ATOM 1.50 ▼ 0.84% AAVE 90.60 ▼ 0.58% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.50▲ 0.49% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.35▼ 0.03% USD/CNY6.77▼ 0.10% DAX 24,769 ▼ 0.59% CAC 8,319 ▼ 0.70% FTSE 10,560 ▼ 0.12% MIB 51,949 ▼ 0.81% IBEX 19,228 ▼ 0.39% STOXX 640.14 ▼ 0.56% EUR/USD1.14▼ 0.05% GBP/USD1.34▼ 0.77% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.13 ▲ 8.37% USD/CAD1.40▼ 0.14% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.11 ▲ 0.17% USD/MXN 17.48 ▲ 0.32% USD/CLP 924.00 ▼ 0.22% USD/COP 3,227 ▼ 0.13% USD/PEN 3.39 ▲ 0.18% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.61% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 4.17% USD/DOP 58.42 ▲ 1.68% USD/CRC 447.87 ▲ 1.83% USD/GTQ 7.62 ▲ 2.69% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.80% USD/TTD 6.75 ▲ 1.81% EUR/BRL 5.83 ▼ 0.05% BRENT 85.99 ▲ 2.09% WTI 80.17 ▲ 1.55% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.30% GOLD 4,001 ▲ 0.38% SILVER 55.78 ▼ 0.21% SOY 1,197 ▲ 0.13% CORN 464.00 ▲ 5.10% WHEAT 677.00 ▲ 0.33% COFFEE 316.75 ▼ 1.42% SUGAR 14.63 ▲ 1.32% ORANGE JUICE 134.95 ▼ 2.81% COTTON 78.07 ▲ 0.49% COCOA 5,753 ▲ 10.30% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,221 ▼ 0.89% ETH 1,836 ▼ 1.47% SOL 74.71 ▼ 0.75% XRP 1.08 ▼ 0.32% BNB 563.51 ▼ 1.52% ADA 0.16 ▼ 0.04% DOGE 0.07 ▼ 0.64% AVAX 6.48 ▼ 0.41% LINK 8.19 ▼ 1.76% DOT 0.85 ▼ 0.56% LTC 44.26 ▼ 1.52% BCH 218.07 ▼ 1.60% TRX 0.32 ▼ 0.16% XLM 0.18 ▼ 0.64% HBAR 0.07 ▼ 0.76% NEAR 1.91 ▼ 2.67% ATOM 1.50 ▼ 0.84% AAVE 90.60 ▼ 0.58% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.50 ▲ 0.74% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.33 ▼ 0.01% USD/CNY 6.7663 ▲ 0.05% DAX 24,769 ▼ 0.59% CAC 8,319 ▼ 0.70% FTSE 10,560 ▼ 0.12% MIB 51,949 ▼ 0.81% IBEX 19,228 ▼ 0.39% STOXX 640.14 ▼ 0.56% EUR/USD 1.1434 ▼ 0.09% GBP/USD 1.3439 ▼ 0.30% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.13 ▲ 8.37% USD/CAD 1.4025 ▼ 0.10% US10Y 4.5690 ▲ 0.53%
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Africa Eastern Africa

Uganda’s Tough Anti-LGBTQ+ Law: A Crisis Unfolds

By · December 20, 2023 · 2 min read

Africa Intelligence

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This week, Uganda’s highest court is examining a controversial anti-LGBTQ+ law, widely criticized internationally.

Among the world’s strictest, this law threatens the LGBTQ+ community with severe punishments, including the death penalty.

As a result, it has sparked a humanitarian crisis. President Joe Biden reacted by removing Uganda from a favorable U.S. trade agreement.

Similarly, the World Bank suspended its financial support to Uganda. These moves signify global disapproval of Uganda’s stringent policies.

The law’s enforcement has caused immense fear and violence against LGBTQ+ individuals.

Consequently, many are forced to choose between facing oppression or fleeing their homeland.

The resultant stress aggravates mental health problems within the LGBTQ+ community, with increased reports of despair and suicidal ideation.

Uganda's Tough Anti-LGBTQ+ Law: A Crisis Unfolds. (Photo Internet reproduction)
Uganda’s Tough Anti-LGBTQ+ Law: A Crisis Unfolds. (Photo Internet reproduction)
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Journalist Raymond Mujuni reports on the law’s devastating impacts.

For instance, the closure of LGBTQ+ safe havens and widespread evictions have escalated homelessness.

This situation infringes on human rights and damages Uganda’s economy.

The New York Times highlights a sharp decline in tourism, adversely affecting the country’s travel and hospitality industries.

Additionally, Uganda’s textile sector struggles, as the “Made in Uganda” label now carries a negative connotation.

Internationally, Uganda’s law has led to significant repercussions. The U.S. trade exclusion and the World Bank’s funding pause are direct consequences of global censure.

These actions mark a critical point in Uganda’s legal and human rights history.

Homophobia in Ugandan society

The law reflects the influence of conservative groups from within Africa and abroad. The Economist describes this as a clash between different cultural and moral values.

These external influences shape domestic policies, reinforcing homophobia in Ugandan society.

UN experts condemn the law as a blatant human rights violation. It illustrates a worrying global trend of increasing intolerance and discrimination against LGBTQ+ individuals.

This situation in Uganda emphasizes the urgent need for worldwide support and advocacy.

Protecting LGBTQ+ rights is essential to safeguard individuals’ well-being, promote social harmony, and preserve national economies.

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