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 …
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 and African capital to support the protection of Africa’s biodiversity. Moody’s has awarded the transaction its highest possible sustainability quality score, SQS1 Excellent. …
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 economy by 2040. Speaking after appearing before Parliament’s Appointments Committee yesterday, following his nomination to the Cabinet for the 2026–2031 term, Musasizi who …
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. The agency reported that about 307 million tourists travelled internationally between January and March, around six million more than during the same period …
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 inclusion across the country. The bank also pledged to strengthen its support for micro-businesses and grassroots enterprises operated by SACCO members through tailored …
UGAFODE Financial Pathways KAMPALA, June 2, 2026 — Uganda is at a crucial stage in its economic development. Over the past two decades, the country has achieved steady economic growth, expanded digital connectivity, and improved access to financial services. Yet a significant portion of economic activity still operates outside the formal banking system, limiting the …
