Kampala, Uganda – The African Development Bank (AfDB) Group has approved a substantial loan of $252.83 million for Uganda, aimed at financing the construction of two major roads. This decision was reached during the Board of Directors’ meeting held in Abidjan on December 1.
According to Africa News Agency, the loan package is split into two parts: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the concessional lending arm of the Bank Group. This funding is earmarked for the construction of the Laropi-Moyo-Afoji and Katuna-Mukuko-Kamuganguzi roads, representing a significant infrastructure investment in the country.