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Economy
Resources, markets, and the contest over the continent's wealth.
Economy - 1 July 2026
UN Experts Estimate Hundreds of Millions of Dollars in Ituri Gold Smuggled Through
Kinshasa, July 1, 2026 - Hundreds of millions of dollars' worth of gold extracted from Ituri Province is being illegally smuggled out of the Democratic Republic of Congo, primarily through Uganda, according to recent…
By Amina Kabasele - 2 min read
Economy - 1 July 2026
Sudan Central Bank Injects Foreign Currency to Stabilize Exchange Market
KHARTOUM, July 1, 2026 - Sudan's central bank has injected 400 million United Arab Emirates dirhams into commercial banks as part of emergency measures aimed at supporting import financing and slowing the rapid…
By Sarah Ndaya - 2 min read
Economy - 27 June 2026
AES Industry Ministers Meet in Ouagadougou to Strengthen Economic Integration
Ouagadougou, Burkina Faso, June 14, 2026 - Ministers responsible for industry, commerce, and private sector development from the Confederation of Sahel States (AES) convened in Ouagadougou for their fourth ministerial…
By Jean-Marc Okito - 3 min read
Economy - 27 June 2026
China Cancels $50 Million of Sudan's Debt Amid Expanding Economic Cooperation
Port Sudan, June 29, 2026 - Sudan and China have signed an agreement cancelling approximately $50 million in Sudanese debt, marking a new step in bilateral economic cooperation as Sudan continues to face mounting…
By Jean-Marc Okito - 3 min read
Economy - 25 June 2026
National Assembly Advances Ratification of African Development Bank Loan Agreement
Djibouti City, June 25, 2026 - Djibouti's National Assembly has advanced the parliamentary process for ratifying a loan agreement with the African Development Bank (AfDB), moving the financing package one step closer to…
By Jean-Marc Okito - 3 min read
Economy - 24 June 2026
US Imposes New Sanctions Targeting Sudan War Networks and State-Owned Airlines
Washington, D.C., June 28, 2026 - The United States has announced a new package of sanctions targeting individuals, entities, and sectors accused of prolonging Sudan's conflict, while introducing additional restrictions…
By Jean-Marc Okito - 3 min read
Economy - 20 June 2026
Uganda Nears First Oil as Cabinet Inspects Kingfisher Project in Kikuube
KIKUUBE, June 22, 2026 - Uganda's preparations for first oil received a major boost as the Vice President and the Prime Minister led a Cabinet delegation to inspect progress at the Kingfisher Oil Development Project…
By Jean-Marc Okito - 3 min read
Economy - 13 June 2026
Djibouti Government Reviews Key Reforms and Economic Performance at Council of Ministers
Djibouti, June 10, 2026 - Under the chairmanship of President Ismaïl Omar Guelleh, Head of Government, the 6th session of the Council of Ministers was held on June 9, 2026, focusing on a wide range of legislative…
By Jean-Marc Okito - 3 min read
Economy - 13 June 2026
Experts Push for Mobile Money Tax Reform as Users Shift to Alternative Banking Channels
Kampala, June 2, 2026 - Financial experts have called for reforms to Uganda’s digital payments tax system, proposing a reduction in the mobile money withdrawal tax from 0.5 percent to 0.25 percent amid growing signs…
By Jean-Marc Okito - 3 min read
Economy - 11 June 2026
Mali and UEMOA Launch Agricultural White Paper to Boost Priority Sectors
Bamako, June 1, 2026 - Mali and the West African Economic and Monetary Union (UEMOA) have reinforced agricultural cooperation following high-level talks focused on the launch of a strategic white paper targeting key…
By Jean-Marc Okito - 3 min read
Economy - 11 June 2026
Kuwait Restricts Worker Recruitment From Rwanda, Uganda and Kenya
Kuwait City, June 10, 2026 - Kuwaiti authorities have published a revised list of countries from which companies are permitted to recruit foreign workers, placing Rwanda, Uganda, and Kenya among nations facing…
By Jean-Marc Okito - 3 min read
Economy - 10 June 2026
Bank of Uganda Caps Cash Withdrawals in Drive Toward Digital Payments
Kampala, June 3, 2026 - The Bank of Uganda (BoU) has announced new limits on over-the-counter cash withdrawals, beginning January 1, 2027, as part of a broader strategy to accelerate digital payments, reduce dependence…
By Jean-Marc Okito - 3 min read