Uganda officially joins Fund for Export Development in Africa (FEDA)

Uganda becomes the 21st member of the Fund for Export Development in Africa On March 6th 2025(FEDA). This membership should strengthen Uganda’s industrialisation efforts and consolidate intra-African trade.

Over the past four years, the African Export-Import Bank has approved more than USD 813 million in financing for Uganda’s public and private sectors, with a pipeline of more than USD 1 billion awaiting approval.

Uganda is the second largest coffee producer in Africa. According to experts, Uganda’s membership of FEDA will improve the country’s export performance and facilitate broad-based economic growth, especially as the country’s GDP is expected to grow by 6.4% in FY 2024/25 and 7.0% in FY 2025/26.

The Fund for Export Development in Africa (FEDA) is the impact investment arm of Afreximbank, created to fill the multi-billion dollar equity financing gap in Africa’s trade sector.
Uganda’s accession marks another step in the country’s efforts to attract investment and stimulate economic growth in Africa’s evolving trade landscape.

source: Africa24