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Eastern Africa

AfDB signs US$348m financing agreements for Uganda road projects

The African Development Bank (AfDB) and the Government of Uganda have signed two financing agreements totaling around US$348 million for the improvement of road transport in Uganda.

May 25, 2021

By Staff Writer
The first is a $276 million financing agreement for the Kampala City Roads Rehabilitation Project; and the second, valued at $71.8 million, is for upgrading the Kabale-Lake Bunyonyi/Kisoro-Mgahinga road. The agreements were signed on 11 May by Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija, and African Development Bank

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