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Guinea's finance minister, Mariama Ciré Sylla, presented a supplementary 2026 budget to the National Assembly on 24 October that keeps the pump price of fuel at 12,000 Guinean francs a litre. Holding the price will cost about 5,490 billion francs (about $625 million) in forgone revenue and a price-stabilisation fund, roughly 10% of expected tax revenue. To make room, the government cuts capital spending by 2,729 billion francs (about $310 million), mainly by reviewing projects under its Simandou 2040 programme, and expects mining revenue 9.5% below the original budget. The choice shields consumers from higher world oil prices but delays part of the public investment meant to turn Simandou iron ore into wider development.
Uganda's Ministry of Finance has cut planned operational spending for the October–December quarter by nearly 3 trillion shillings (about $680 million), the Daily Monitor and Pulse Uganda reported on 25 October. All ministries, departments and agencies must halve spending on fuel, travel, workshops and consumables, according to the Monitor, out of total quarterly releases of 21.82 trillion shillings. The cut follows the Bank of Uganda's emergency rise in its policy rate to 12% on 14 October, which failed to stop the shilling falling past 4,400 to the dollar on 23 October, a 33-year low. Lower state demand for fuel and imports eases pressure on the currency, but delayed spending will slow payments to suppliers already facing dearer credit.
