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@chimpreports Sun, 03 Dec 2023 04:13:59

AfDB Lends Uganda $252m for Moyo, Katuna Roads 

The Board of Directors of the African Development Bank Group has approved a loan of $252.83 million (almost Shs 1tn) to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi roads. 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 …

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