East African Central Bank governors meet in Kampala and project regional growth to be 5.2% in 2026 ‎

‎The governors of the East African Central banks partner states meeting has projected the regions grow to be 5.2% this year 2026.

‎According to the governors, the growth will out perform the Sub-Saharan Africa average of 4.3 even as global risks tied to high oil prices and shipping cost weigh on the wider outlook.

‎The projection came out of the 29th Ordinary meeting of the East African Community monetary affairs committee held at Serena Hotel in Kigo.The meeting was chaired by the Bank of Uganda Governor Michael Atingi-Ego, who is also the current MAC chairperson.

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‎In the meeting it was revealed that global growth is expected to slow down to 3.0% 2026 down from 3.5% in 2025 on account of the wars in the middle East.

‎Speaking during the opening session, the Governor of the Bank of Uganda and Chairperson of the Monetary Affairs Committee, Dr. Michael Atingi-Ego, welcomed his counterparts from across the region and underscored the importance of continued cooperation among EAC partner states.

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‎“I would like to welcome you all to the 29th Ordinary Meeting of the Monetary Affairs Committee. Despite the prevailing challenges, exchange rates across the East African region have remained relatively stable. Emerging technologies, including Artificial Intelligence, are helping central banks enhance financial monitoring and analysis. As we pursue our regional priorities, continued cooperation remains essential,” he said.

‎The meeting brought together central bank governors and technical officials from all the East African Member states to assess regional macro-economic convergence and advance the East African Community’s single currency agenda.

‎The meeting also reviewed progress on the revised roadmap towards the East African monetary union and the planned establishment of a single currency by 2030.

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