Uganda said on Tuesday it would borrow up to 108.5 million euros ($118.42 million) from a Chinese lender to fund construction of three roads that are key to plans to begin oil production in the east African country.
Three major players in Uganda’s banking industry — Uganda Bankers Association, Bank of Uganda (BoU) and Financial Sector Deepening Uganda (FSDU) — have partnered on a digital identity verification platform to reduce the process and time it takes for loan approvals and to open a bank account.
Content Types: ArticleRegions & Countries: UgandaIndustries: Real Estate & Construction
Mr. Karamagi said that the market is aimed at bringing together manufacturers, distributors, wholesalers, retailers and consumers from all over the East African region, including Uganda, Kenya, Tanzania, Rwanda, Burundi, Southern Sudan and Western Part of the Democratic Republic of Congo.
Military installations, bases and barracks across the country will in the near future be solely powered by solar energy, saving the Ministry of Defence billions of shillings spent annually on paying electricity bills.