A1 Iron & Steel Tanzania Ltd is set to invest TZS 600 billion in a new steel manufacturing plant in Nala, Dodoma, which will utilize local iron ore as its primary raw material. This initiative aims to enhance mineral value addition in Tanzania and decrease reliance on imported steel products. Construction is slated to commence in July 2026 and is projected to be completed within 15 months.

Uganda's Finance Minister Henry Musasizi has introduced a five-pillar strategy aimed at transforming the country's economy into a USD 500 billion entity. During his first management meeting, he emphasized the need for a shift from gradual growth to a more rapid economic expansion, focusing on fiscal discipline and effective management of anticipated resources.

The Kabanga Nickel Project is progressing towards implementation, with Lifezone Metals' Executive Chairman Keith Liddell and Treasury Registrar Nehemiah Mchechu briefing President Samia Suluhu Hassan on June 8, 2026. They confirmed an agreed project structure and are finalizing the refinery and beneficiation component. The USD 942 million project aims for a final investment decision in 2026, projected to generate USD 2.4 billion in corporate income taxes and approximately 1,090 jobs.

Uganda's oil industry is progressing towards significant milestones, particularly in the Albertine region where drilling and infrastructure development are underway, and the Tilenga project is nearing its first oil production. However, according to The Observer, many Ugandan businesses involved in the sector are experiencing a financial crisis due to a collective debt exceeding $9.7 million.

President Yoweri Museveni has instructed Finance Minister Henry Musasizi to investigate the diversion of Shs54 billion intended for Uganda's international debt payments to private companies in the UK and Japan. This directive was communicated in a letter dated June 14, 2026, highlighting concerns over the management of the country's financial obligations.

Henry Musasizi, the Minister of Finance, Planning and Economic Development, has launched Makerere University’s Strategic Plan for 2025/26 to 2029/30. He emphasized the government's commitment to enhancing higher education, research, and innovation, which are seen as essential for Uganda's goal of increasing its economy to $500 billion by 2040. The launch took place at Makerere University during a ceremony attended by various stakeholders.