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Uganda to Borrow $400M for Infrastructure & Agriculture Development: Finance Ministry

Uganda to Borrow $400M for Infrastructure & Agriculture Development: Finance Ministry

Sputnik Africa

Uganda to Borrow $400M for Infrastructure & Agriculture Development: Finance MinistryThe government plans to use this borrowing to fund infrastructure... 04.09.2025, Sputnik Africa

2025-09-04T10:37+0200

2025-09-04T10:37+0200

2025-09-04T11:04+0200

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Uganda to Borrow $400M for Infrastructure & Agriculture Development: Finance MinistryThe government plans to use this borrowing to fund infrastructure projects that will spur economic growth, State Minister for Finance Henry Musasizi said.The funding sources include:🟠African Development Bank ($253 million),🟠UN's International Fund for Agricultural Development,🟠Islamic Development Bank,🟠UniCredit Bank Austria. Musasizi did not provide a specific timeline for when the loans would be finalized. According to Musasizi, a significant portion of the credit will be allocated to completing a stalled toll road connecting Uganda with neighboring Rwanda, Burundi, and the Democratic Republic of the Congo. The remaining funds will support the construction of new facilities in the health sector.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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