African Development Bank Group (AfDB) / Press Release

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- The African Development Bank will make a substantial contribution to the construction of the Laropi-Moyo-Afoji road in Uganda to improve rural transport and facilitate regional integration. © AfDB 2023
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Source: African Development Bank Group (AfDB) | Dec 01, 2023

Uganda: African Development Bank to lend more than $252 million to improve rural transport and facilitate regional integration

The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the Bank Group's concessional loan window

Meeting on 1 December in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $252.83 million to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from…

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- The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda
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Source: African Development Bank Group (AfDB) | Dec 02, 2022

Uganda: African Development Bank Group commits $301 million to renovate the country’s meter gauge railway and bolster regional trade

The works entail the immediate rehabilitation of 265 km of MGR tracks between Malaba and Mukono, including the line to Jinja Pier and Port Bell on Lake Victoria

The African Development Bank Group (www.AfDB.org) is providing $301 million to overhaul the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project…

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- (Left to right) Managing Director, First City Monument Bank (FCMB), Yemisi Edun, and Director General, African Development Bank, Nigeria Country Department, Lamin Barrow, after they signed a USD 50 million Loan Agreement for a Line of Credit in favour of FCMB, in Lagos, on Monday (1)
- (Left to right) Managing Director, First City Monument Bank (FCMB), Yemisi Edun, and Director General, African Development Bank, Nigeria Country Department, Lamin Barrow, after they signed a USD 50 million Loan Agreement for a Line of Credit in favour of FCMB, in Lagos, on Monday (2)
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Source: African Development Bank Group (AfDB) | Oct 21, 2022

African Development Bank launches scheme to improve livelihoods for youths in three African countries

The Creating Sustainable Youth MSMEs Through Urban Farming initiative will support young farmers in Nigeria, the Democratic Republic of the Congo (DRC) and Uganda

The African Development Bank (www.AfDB.org) has launched a multinational project to create jobs and improve livelihoods for youth in three African countries. The Creating Sustainable Youth MSMEs Through Urban Farming (SYMUF) initiative will support young farmers in Nigeria, the Democratic Republic of the Congo (DRC) and Uganda, who are attracted…

Source: African Development Bank Group (AfDB) | Dec 08, 2021

Uganda tops African Development Bank’s Electricity Regulatory Index for fourth consecutive year

Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and Egypt

For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development Bank’s (www.AfDB.org) 2021 Electricity Regulatory Index. Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and Egypt. The 2021 Electricity Regulatory Index, an…

Source: African Development Bank Group (AfDB) | Sep 26, 2021

Uganda Launches Last-mile Connectivity to Increase Electricity Access to Rural Communities

The African Development Bank in September 2015 extended a $100 million loan to the government for the project

With support from the African Development Bank (www.AfDB.org) and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity…

Source: African Development Bank Group (AfDB) | Mar 23, 2021

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa

The African Development Bank and the Climate Investment Funds [CIF (https://bit.ly/3vSPNtq)] have joined forces (https://bit.ly/2OQ4QU9) to produce a study of the role of green banks and national climate change funds in mobilizing finance to support low-carbon, climate-resilient development in Africa. The ground-breaking study (https://bit.ly/2OY4mv7), released on Tuesday 23 March, is…

Source: African Development Bank Group (AfDB) | Mar 18, 2021

Uganda: African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project

The Kampala-Jinja Expressway Project will cut travel time and boost trade along an important artery linking Uganda with its neighbors

The African Development Bank (www.AfDB.org) and the Government of Uganda on Tuesday signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors. The Kampala-Jinja Expressway Public-Private Partnership (PPP)…

Source: African Development Bank Group (AfDB) | Feb 12, 2021

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs

Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African Guarantee Fund (AGF) to unlock $1.3 to 2 billion in loans to women-owned Small and Medium Sized Enterprises (SMEs) in Africa, by working with financial institutions to enhance their…

Source: African Development Bank Group (AfDB) | Dec 21, 2020

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility

The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to…

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Source: African Development Bank Group (AfDB) | Nov 12, 2020

Uganda: African Development Bank grants $500,000 for capacity development of Micro, Small and Medium Enterprises (MSMEs) within the petroleum sector

The project aims to support inclusive private sector growth and the creation of an estimated 500 jobs along the pipeline

The African Development Bank (www.AfDB.org) and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project. The project’s overall objective is to help develop capacity of local…