Month: June 2026

BoU caps over-the-counter cash withdrawals in push for digital payments

KAMPALA, June 3, 2026 — The Bank of Uganda [BoU] has announced new limits on over-the-counter cash withdrawals as part of a broader strategy to accelerate the country’s transition to digital financial…

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Rugby Africa boss to Join Panel on Sport as a Driver of African Industrialisation at the 33rd Afreximbank Annual Meetings

KAMPALA, June 3, 2026 — Rugby Africa, the governing body for rugby across the continent, says its President, Herbert Mensah, will participate in the 33rd African Export-Import Bank [Afreximbank] Annual Meetings [AAM],…

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Kapchorwa District Council approves Shs 32bln budget for FY 2026/2027

KAPCHORWA, June 3, 2026 — Kapchorwa District Council has officially approved a Shs 32 billion budget for the financial year [FY] 2026/2027, which begins on July 1, 2026. The budget was passed…

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Bushenyi-Ishaka Municipality local revenue hits Shs 1.2bln after SEATINI intervention

BUSHENYI, June 3, 2026 – Through a targeted intervention by the Southern and Eastern Africa Trade Information and Negotiations Institute [SEATINI] Uganda, Bushenyi-Ishaka Municipality has reversed years of stagnant local revenue collection,…

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AM2026: AfDB and ASSA seal strategic partnership to mobilise domestic capital for social protection systems

BRAZZAVILLE, June 3, 2026 — The African Development Bank [AfDB] and the Africa Social Security Association [ASSA] have signed a letter of intent to strengthen collaboration on  Africa’s long-term development financing priorities,…

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Africa’s top 10 economies are worth more than US$ 2.46trn combined

KAMPALA, June 2, 2026 — The combined Gross Domestic Product [GDP] of Africa’s 10 largest economies is projected to reach approximately US$ 2.46 trillion in 2026, according to the latest estimates released…

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Ecobank Group launches world’s first nature bond, mobilising global capital to protect Africa’s natural ecosystems

LOMÉ, June 2, 2026 – Ecobank Group has launched the world’s first International Capital Market Association [ICMA]-aligned commercial bank-issued Nature Bond on the London Stock Exchange, creating a new channel for international…

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New Finance Minister Unveils Ambitious Roadmap for Uganda’s Economic Growth

KAMPALA, June 2, 2026 — Uganda’s new Minister of Finance, Planning and Economic Development, Henry Musasizi, has outlined an ambitious economic agenda aimed at transforming the country into a US$ 500 billion…

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International tourism rises 2 percent in first quarter of 2026 despite global uncertainty

KAMPALA, June 2, 2026 — International tourism increased by 2 percent in the first quarter of 2026 despite growing geopolitical and economic uncertainty, according to the latest data released by UN Tourism.…

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Promoting Financial Inclusion in Uganda: Equity Bank Commits to Supporting More SACCOs

KAMPALA, June 2, 2026 — Equity Bank Uganda has reaffirmed its commitment to extending financial support to more Savings and Credit Cooperative Organisations [SACCOs] as part of its efforts to promote financial…

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