Kenya  

Finance Act, 2026, Exempts Repossessed Assets from VAT  

Banks, SACCOs and other lenders have received a major boost following the enactment of the Finance Act, 2026, which exempts the sale of repossessed assets from Value Added Tax (VAT). The amendment ends a long-standing dispute between lenders and the Kenya Revenue Authority (KRA) over taxation of collateral seized from loan defaulters.   

(Source: Business Daily) 

Uganda  

Ugandan Manufacturers Call for Greater Investment, Financing and Supply Chain Collaboration.  

Uganda’s manufacturers are seeking deeper collaboration across supply chains, innovative financing mechanisms, and greater investment in value addition to address structural constraints that limit the sector’s growth potential. The call was made during Stanbic Bank Uganda’s inaugural Business Forum in Kampala, where industry leaders, policymakers and financiers discussed stronger links between agriculture, manufacturing and trade. The sector continues to face challenges, including high production costs, limited access to long-term capital, dependence on imported inputs, and fragmented supply chains.  

(Source: The Independent) 

Tanzania  

Mwanza Commissioner Commends Kwimba Council for Revenue Performance  

Mwanza Regional Commissioner Said Mtanda has praised Kwimba District Council for achieving its revenue collection targets for four consecutive years and urged it to invest in major strategic projects that can generate more revenue. Speaking at a special council meeting on June 24, 2026, he also called for swift action to address water supply challenges at the district hospital within 14 days.  

(Source: Daily News) 

Rwanda  

SheTrades Rwanda Mission Generates $4.5M in Export Opportunities  

The SheTrades Rwanda Trade Mission generated $4.5 million in annual export leads and deals for women-led horticulture and processed agrifood enterprises, supporting Rwanda’s efforts to expand women’s participation in international trade. Held in Kigali from June 10 to 12, the mission brought together 29 women-led businesses and 13 international buyers from the Middle East, Europe and Africa, creating new market opportunities for Rwandan exporters. One export shipment has already been delivered to Europe by air freight, highlighting the mission’s immediate commercial impact.  

(Source: New Times) 

Ethiopia  

ECMA Approves Registration of 9.66 Million Abay Bank Shares  

The Ethiopian Capital Market Authority (ECMA) has approved the registration of 9.66 million existing shares held by Abay Bank shareholders. According to the bank, the approval covers 9,657,286 shares and became effective on May 11, 2026, following a public notice issued by the regulator. Abay Bank said it has since published a prospectus and related disclosure documents on its official website, in line with regulatory requirements, thereby allowing the shares to be formally recognised under Ethiopia’s capital market framework.  

(Source: The Reporter) 

Sudan   

Sudanese Pound Fluctuates Following Central Bank Currency Intervention  

Sudan’s parallel currency markets experienced significant volatility after reports that the Central Bank of Sudan injected foreign currency into commercial banks to meet hard currency demand. Traders said the Sudanese pound initially weakened against major currencies, with the U.S. dollar rising to £5,800 before closing at £ 5,300. In comparison, the UAE dirham climbed to 1,610 pounds before retreating to 1,490 pounds. Market participants attributed the fluctuations to the central bank’s foreign currency intervention and said the pound could continue to recover if the injections are maintained.  

(Source: Sudan Tribune) 

Somalia  

Gov’t and Civil Society Strengthen Cooperation on National Unity  

Somalia’s Minister of Information, Culture and Tourism, Abdifatah Kasim Mohamud, met with the Chairman of Somali Civil Society Organisations, Osman Mohamud Shatax, in Mogadishu to discuss strengthening cooperation between the ministry and civil society groups. The talks focused on promoting public awareness, peace, social cohesion, press freedom, and efforts to counter hate speech, clan-based divisions, and narratives that undermine national unity. Both sides reaffirmed their commitment to working together on awareness campaigns, peacebuilding initiatives, and programs to support media development, citizen participation, and Somalia’s state-building efforts.  

(Source: Somalia National News Agency)