As private sector we are very happy about the SGR, we shall save on transport for containers & receive growth in Regional and International trade and Tourism unlocking new opportunities. we congratulate @mofpedU and thank @rggoobi for the innovative financing structure #sukuk.
GOVERNMENT OF UGANDA TO ISSUE INAUGURAL SOVEREIGN SUKUK:
The Government of Uganda is in advanced stages of issuing the inaugural Sovereign Sukuk to finance 15% of the total cost of Euro 2.7 billion required for the construction of the Standard Gauge Railway (SGR).
Cabinet approved the SGR financing structure in January 2025 reflecting the proportion and amounts to be mobilized.
60% of the Euro 2.7 billion will come from Export Credit Agencies (ECAs),15% from Sukuk and the balance of 25% will come from Development Finance Institutions (DFIs).
The Deputy Secretary to the Treasury (DST), Patrick Ocailap is currently leading Uganda's delegation on a Sukuk Roadshow in the East African Community, specifically in Kenya, Tanzania and Zanzibar, to interest Investors to participate in the inaugural sovereign Sukuk Issuance on a date that will officially be announced.
The other members of the delegation include; the Yusra Sukuk-lead arranger, Stanbic Bank Group,the Book Runners, Bank of Uganda, Standard Gauge Railway team, NS Kigozi Advocate- Sukuk Legal Advisor, Salaam Bank Uganda Limited the Receiving Bank and other
staff in the Debt Policy and Issuance Department of MoFPED.
The DST,Ocailap said the aim of the roadshow is market sounding, pricing discovery and building investor relations to ensure success of the planned Sovereign Sukuk Issuance.
@mofpedU will in the coming days share detailed information with Ugandans about this kind of innovative financing and the significance of the upcoming Sovereign Sukuk Issuance.
@newvisionwire@DailyMonitor@ubctvuganda@nbstv@ntvuganda@UgandaMediaCent@GCICUganda
@abumayanja@mofpedU@rggoobi For long the Sukuk asset class has been concentrated by Geography in certain areas of the world‼️ But now that our exchanges are developing rules for admitting corporate Sukuk in Uganda! It’s possible that this asset class will bring in dollars in Uganda 🇺🇬 @abumayanja
@andy_keto interesting ideas, thank you. @MoWT_Uganda can take this up most of these assets are directly under them. I agree with you on the potential benefits and it certainly makes sense.
@abumayanja@mofpedU@rggoobi We need similar initiatives for regional water transport and fixing the Kasese airstrip to Wilson Airport standard. This will boost tourist numbers to Rwenzori Mountain, QENP, Lake Mburo etcetera. Can he do the needful?
The #ECB announced acceptance of DLT assets as acceptable collateral.
This development signals a real inflection point for regulated digital finance — Europe’s central bank system is finally ready to treat token‑friendly securities infrastructure as part of its core monetary plumbing.
On 30 March 2026, the European Central Bank (ECB) and the Eurosystem will start accepting marketable assets issued through central securities depositories (CSDs) that use distributed ledger technology (DLT) as eligible collateral in Eurosystem credit operations, effectively bridging tokenised securities and central bank liquidity facilities.
This isn’t a pilot anymore — use of DLT‑enabled securities for refinancing and liquidity purposes transitions from experimental to operationally accepted, provided they still meet existing collateral eligibility criteria and settle via regulated systems like TARGET2‑Securities under the CSD Regulation.
The ECB’s announcement also makes clear this is the first phase of a broader plan to eventually open eligibility to assets issued and settled fully on DLT networks outside traditional CSDs, using a staggered approach based on market, legal and regulatory developments.
This near‑term policy change materially de‑risks tokenised securities by giving them real footing in central bank collateral frameworks — a structural shift that’s likely to accelerate commercial demand for CSD tokenisation stacks and prompt immediate attention from banks, custodians and fintech providers to integrate these flows.
Huge Milestone Unlocked!
Yesterday, a UBA delegation led by our Chairman, Mr. Julius Kakeeto (@JKakeeto) , met with the Permanent Secretary at @mofpedU Headquarters to present the Banking Industry’s official response to the Government’s ATMS Strategy for 10X GDP Growth.
This plan represents months of dedicated work by the ATMS Technical Working Group since its inauguration last year. We are proud to share a roadmap designed to supercharge the economy and redefine the future of banking in the region.
🤝 Massive appreciation to every contributor who poured their expertise into this critical assignment. Together, we’re making 10X growth a reality!
#TransformingBanking | #PromotingPartnerships | #EconomicGrowth | #ATMS
Zakat is more than support.
It is restoration. 🤲
It lifts burdens.
It returns dignity.
It gives families room to breathe again.
Give with intention 👉 https://t.co/OvYHFSUUjK
#Zakat#ServeHumanity#MuslimAid
To lift the dollar from 4-year lows, Scott Bessent repeated the mantra of past Treasury Secretaries by declaring that the Trump administration is pursuing a mythical “strong dollar policy.” Uttering those meaningless words has always been the extent of our strong dollar policy.
Nigeria has confirmed a notable discovery at the Awodi-07 well, strengthening its standing as Africa's leading oil producer.
The findings reveal multiple hydrocarbon reservoirs, prompting further exploration by the joint venture led by NNPC Limited and Chevron Nigeria Limited.
The nation's oil production is recovering, reaching 1.7–1.8 million barrels daily, overcoming challenges like theft and vandalism.
Nigeria's holistic strategy in combining production and refining sets it apart in the African energy landscape.
Dangote Refinery Moves Nigeria From Fuel Import Dependence To Fuel Sovereignty
Nigeria, Africa’s largest economy and its second most oil-rich nation, has been dependent on petroleum imports for the last 30 years. Multinational corporations have lapped greedily at the country’s oil reserves for all these years under the guise of “Foreign Direct Investment (FDI)”, raking in billions annually while most of the country’s 223 million inhabitants face multidimensional poverty.
Officially inaugurated on May 22, 2023 and located in Ibeju Lekki, Lagos, the Dangote Refinery is Africa’s largest oil refinery and the world’s largest single-train facility, and its founder Aliko Dangote has been waging a not-so-secret war against the local and international forces that profit from Nigeria’s petroleum import dependency, since the refinery officially began operations in 2024. To those paying attention, this not-so-secret war has laid bare the deep rot festering within Nigeria’s energy sector, a rot that has – among many things – allowed certain public servants to live well beyond their means at the expense of the country’s energy sovereignty and economic growth.
But it seems despite the lucrative nature of this status quo – for a few – a new understanding is slowly being reached, backed by irrefutable data, and Africa’s largest economy may already be well on its way to finally becoming a net energy exporter.
BREAKING: The S&P 500 measured in ounces of gold is down to 1.39, the lowest since 2014.
This ratio has fallen -1.26, or -48%, since 2022 as gold prices have outperformed the index.
Over this time, gold prices have rallied +180% while the S&P 500 has gained +45%.
Historically, every time this ratio has fallen below 1.5, market volatility increased materially.
Gold can see the future.
Nigeria has taken a step in expanding access to advanced healthcare after a private hospital in Lagos carried out what it described as West Africa’s first robotic-assisted gynaecological surgery, signalling a shift toward high-end medical innovation...
https://t.co/t778wEatbz
Yusen Logistics Global Management, a Japanese freight and supply-chain operator, and AGL Kenya Limited, a subsidiary of Africa Global Logistics, have secured regulatory approval to set up a greenfield joint venture in Kenya.
The new company, expected to start operations in January, will provide freight forwarding by air and sea, multimodal transport, warehousing, contract logistics, and customs brokerage services to manufacturers, traders and infrastructure projects.
Kenya is positioned as the hub for East African trade flows under the venture.