Uganda: African Development Bank signs $348 million in financing agreements for the rehabilitation and upgrade of two major roads

The African Development Bank and the Government of Uganda have signed two financing agreements totaling around $348 million for the improvement of road transport in Uganda. 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 Uganda country manager Augustine Kpehe Ngafuan.

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