News & Events
10/01/2017 - Uganda’s Minister of Finance Planning and Economic Development, Matia Kasaija, and Gabriel Negatu, East Africa Regional Development and Business Delivery Office Director General, signed African Development Bank and African Development Fund loan agreements of US $151 million for the Multinational Uganda-Rwanda Busega-Mpigi express highway project on December 29, 2016.
15/12/2016 - The Sustainable Energy Fund for Africa (SEFA) approved on December 13 a US $993,000 grant to the Earth Energy Company Limited, a Ugandan firm, to prepare the first-ever biomass gasification project in the country, expected to add 20 Megawatts of baseload power to the national grid. Specifically, the grant will facilitate the conduct of preliminary studies needed for the project to kick off. These include a complete technical feasibility study, environmental and social impact assessment, a feed and detailed engineering design, as well as project management activities. This support is part of the African Development Bank’s (AfDB) efforts to scale up private investments in renewable energy.
02/12/2016 - The African Development Bank (AfDB) Climate Investment Funds (CIF) unit released in November a new study which details regional member countries’ progress in ratifying the Paris Agreement and their efforts to transition Intended Nationally Determined Contributions (INDCs) into Nationally Determined Contributions (NDCs). The report found that in many countries, projected contributions will be conditional based upon receipt of climate finance support.
26/10/2016 - On Tuesday, October 25, 2016, the African Development Bank approved a US $25-million loan for a multinational project to establish a safety-of-life communications systems for Lake Victoria. The largest lake in Africa accommodates a fleet of 70,000 vessels, mostly individual fishermen, but lacks any alert or rescue systems. Consequently as many as 5,000 people die in the lake each year. The loan will finance the extension of GSM (Global System for Mobile Communications) networks on the lake and the creation of 22 rescues centres in Tanzania, Uganda and Kenya, contributing to save lives and stimulate business for the benefit of the economy of the entire Lake Victoria basin.
22/06/2016 - On Wednesday, June 22, 2016, the African Development Bank approved USD 245 million in loans and grants to the Governments of Uganda and Rwanda to finance a transport project that will boost regional trade and decongest traffic from Kampala (Busega) city to Mpigi. Uganda and Rwanda are landlocked countries and transport infrastructure is a key factor to stimulate socio-economic activities and improve competitiveness.
07/06/2016 - The Government of the Republic of Uganda recently commissioned the Ntungamo Water Supply and Sanitation System, financed by the African Development Fund (ADF). It is part of the second phase of the regional Lake Victoria Water Supply and Sanitation Program (LVWATSAN II).
10/05/2016 - The African Development Bank announced on April 19, 2016 that it is helping operationalize studies financed by the European Union Africa Infrastructure Trust Fund (EU-AITF) which will provide professional advice on a project to connect electricity grids across five Nile Equatorial Lake countries.
04/02/2016 - In the African Development Bank Group’s bid to work for a continent free of poverty and water-borne diseases, the Board of Directors approved on Wednesday, February 3 in Abidjan a US $91-million loan to Uganda, for the provision of clean water and improved sanitation in the country.
20/01/2016 - The African Development Bank (AfDB) has approved a US $76.7-million loan to finance phase two of the Uganda Farm Income Enhancement and Forestry Conservation Programme (FIEFOC-2).
18/01/2016 - Uganda received approval on Thursday, January 14 of a US $1.5-million preparation grant from the Climate Investment Funds’ Pilot Program for Climate Resilience (CIF PPCR) to develop a national Strategic Program for Climate Resilience (SPCR). Once developed, the policy-based SPCR will pave the way for climate-resilient transformation in the country through a broad set of resilience projects to be implemented through a unique multi-stakeholder approach. The African Development Bank (AfDB) will support Uganda as the lead implementation agency for the SPCR.