KAMPALA, July 24, 2026 — Governors of central banks from across the East African Community [ EAC ] have reaffirmed their commitment to establishing a single regional currency by 2031, despite uneven progress by Partner States in meeting the required macroeconomic convergence targets. The commitment was made during the 29th Ordinary Meeting of the East …
BUSHENYI, July 24, 2026 — Savings and Credit Cooperative Organisations [SACCOs] in Uganda have been urged to move away from traditional business approaches and embrace research, data-driven planning, and market innovation to address the country’s growing youth unemployment challenge. The call was made by Bushenyi-Ishaka Municipal Council Principal Commercial Officer, Aggrey Ategyeka, during a recent …
LONDON, July 24, 2026 — Artificial intelligence [AI] is reshaping how financial firms price risk, allocate credit, and respond to stress. It is increasingly embedded in the decision‑making architecture of the financial system. For central banks and financial supervisors, the key challenge is ensuring that AI is governed in ways that reinforce, rather than undermine, …
KAMPALA, July 24, 2026 — The African Development Bank Group’s Affirmative Finance Action for Women in Africa [AFAWA], in partnership with social impact innovation company Lionesses of Africa, has unveiled a new digital playbook titled Financing Business Growth. The publication highlights how women entrepreneurs across Africa are accessing finance, expanding their businesses, creating jobs and …
KAMPALA, July 24, 2026 — The East African Community [ EAC ] has called for a new generation of border reforms to support the region’s growing trade volumes following a monitoring and fact-finding mission to the Horohoro/Lungalunga and Namanga/Namanga One Stop Border Posts [OSBPs]. The mission, led by the EAC Deputy Secretary General for Customs, …
KYANKWANZI, July 23, 2026 — Savings and Credit Cooperative Organisations [SACCOs] must strengthen governance, risk management, capitalisation and member-centred leadership to remain resilient and play a greater role in Uganda’s economic transformation, cooperative leaders have said. The call was made during the ongoing inaugural SACCO Leadership Summit 2026 organised by the Uganda Cooperative Savings and …
