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Economy
Resources, markets, and the contest over the continent's wealth.
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
Economy - 9 June 2026
Djibouti and Japan Reinforce Agricultural and Fisheries Cooperation
Djibouti, June 9, 2026 - The Minister of Agriculture, Water, Fisheries, Livestock, and Marine Resources, Mr. Radwan Abdillahi Bahdon, received the newly appointed Ambassador of Japan to Djibouti, Mr.
By Jean-Marc Okito - 3 min read
Economy - 5 June 2026
Rwanda Approves Rwf7.8 Trillion Budget for 2026/2027
Kigali, June 9, 2026 - The Rwandan Cabinet has approved a draft national budget of Rwf7,796.3 billion for the 2026/2027 fiscal year, marking a 12% increase compared to the revised budget of Rwf6,952.1 billion allocated…
By Jean-Marc Okito - 3 min read