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Uganda Partners on $5.5 Billion Digital Economy Project Featuring National Digital Currency...
09 Oct, 2025 11:03 380 min read
Uganda is launching a $5.5 billion digital transformation, introducing a central bank digital currency (the digital shilling) to link its key economic sectors. Accessible via basic mobile phones, the currency will be integrated directly into commercial activities like farming and mining to ensure real-world use. The project will first roll out in a new special economic zone, aiming to create over a million jobs and boost financial inclusion. This initiative is designed to keep control within Uganda, making trade faster and more transparent while capturing more value from local production. The ultimate goal is to extend formal financial access to millions across East Africa.... More