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 services. The new regulations, which will take effect on January 1, 2027, will cap cash withdrawals from individual bank accounts at Shs 50 …
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], which will take place from 21 to 24 June 2026 in El-Alamein, Egypt, under the auspices Abdel Fattah El-Sisi, President of the Arab …
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 on Friday during a council meeting held at the District Administration Block in Kapchorwa town. The approval followed detailed presentations and deliberations by …
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, increasing its annual locally generated revenue from Shs 680 million to Shs 1.2 billion. The remarkable fiscal turnaround was revealed during a high-level …
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, The agreement was finalised at the ongoing African Development Bank Group’s Annual Meetings in Brazzaville. . Ahmed Attout, Director for Financial Sector Development …
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 by the International Monetary Fund [IMF]. South Africa leads the rankings with a projected GDP of US$ 479.96 billion, followed by Egypt at …
