LAST WEEK IN AFRICA: Uganda’s Energy Shake-Up & South Africa’s Steady Rates

Here are two key economic updates from the continent last week:

Uganda Approves $190 Million Loan for Power Sector
Uganda’s parliament approved a $190 million loan from Stanbic Bank to compensate Umeme Limited, the country's main power distributor, for unrecovered investments. This move comes as Umeme’s 20-year electricity distribution concession nears its end, signaling a potential shift in Uganda’s energy sector operations.


South Africa Holds Repo Rate at 7.5%
The South African Reserve Bank maintained its main repo rate at 7.5%, despite a drop in inflation to 3.2%. The decision reflects a cautious monetary stance amid concerns over fiscal and trade risks and ongoing uncertainties in both the local and global economic environment.


Africa is full of potential and transformation. It’s exciting to see such impactful movements shaping the future of the continent.