AfDB gives Uganda US$109 million loan - CNBC Africa

AfDB gives Uganda US$109 million loan

East Africa

by Trust Matsilele 0

AfDB approves 109 million US dollar loan for Uganda. PHOTO: AfDB

The project is part of the African Development Bank’s (AfDB) key development policies and its assistance strategy to Uganda. The project is also in line with the country’s National Development Plan (NDP) and Vision 2040 of Uganda.

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“The project’s objective is to improve road access to socio-economic facilities and quality of transport service levels in south-western and eastern parts of Uganda,” noted the AfDB.

“It will help to improve the standards of living of the beneficiaries, support the tourism industry and promote regional integration and cross border trade with the Democratic Republic of Congo (DRC) and Kenya.”

According to the AfDB, the project will result in the reduction of transport costs; increased mobility; improved access to economic and social facilities; provision of clean water to households; and increase in income of women vendors in the roadside markets.  

“With this project, the AfDB is addressing a pressing demand for the provision of good quality and reliable transport infrastructure needed by Uganda for its socio-economic development and poverty reduction agenda,” said Amadou Oumarou, director for Transport and Information and Communication Technologies at the AfDB.

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The envisaged improved infrastructure will help facilitate trade in the region.

“The upgraded roads will support cross border trade and regional integration by linking western Uganda with Democratic Republic of Congo (DRC) and eastern Uganda with Kenya at the border of Ishasha and Lwakhakha respectively. The roads will also support the tourism activities at Queen Elizabeth National Park (QENP) and Mount Elgon National Parks.”

The project will also help alleviate challenges faced by women such as reduction in travel time in cases of emergency.

“Most importantly, the reduction in travel time will enable emergency cases, including those related to maternity cases, reach health facilities in a timely manner, with the expected 20 per cent reduction in a number of maternity emergencies.”