On Thursday, March 6, 2025, Uganda formally signed the agreement to join the Fund for Export Development in Africa (FEDA), expanding the initiative’s reach to 21 member states. The signing ceremony, held at the Ministry of Foreign Affairs in Kampala, marked a significant milestone in Uganda’s efforts to boost intra-African trade and strengthen its industrial and export capacity. Uganda Exim Limited’s Chief Operations Officer, Mr. Allan Agaba, represented the institution at the event, reaffirming EXIM’s commitment to supporting Uganda’s trade and export development agenda.
The ceremony was officiated by Ambassador Phillip Rukikaire, Head of the Regional Peace and Security Department at the Ministry of Foreign Affairs, on behalf of the Permanent Secretary. Also in attendance were Mrs. Marlene Ngoyi, CEO of FEDA, and Mr. Kudakwashe Matereke, Regional Director for Eastern Africa at Afreximbank. The event highlighted the strategic importance of Uganda’s accession to FEDA in unlocking new investment opportunities and deepening economic integration within Africa.
FEDA, established as the development impact investment arm of Afreximbank, is mandated to provide equity and quasi-equity financing to businesses driving intra-African trade and value-added exports. With Uganda Exim Limited’s focus on offering affordable financing to Ugandan exporters, the institution’s participation in this landmark event underscores its pivotal role in facilitating access to capital for local businesses and promoting industrialization and export-led growth in Uganda.
