Uganda, Korea sign $500m loan agreement

The signing ceremony took place at the Korean Ministry of Foreign Affairs in Seoul on the sidelines of the First Korea-Africa Summit which concluded on Wednesday.

Ugandan Minister of Finance Matia Kasaija with Korean Minister for Foreign Affairs Cho Tae-yul after signing the framework agreement for a $500m loan from Korea EXIM Bank. (Credit: Ministry of Finance, Republic of Korea)

By: NewVision Reporter, Journalists @NewVision

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Uganda and the Republic of Korea have signed a framework agreement for loans from the Korean Economic Development Cooperation Fund for the years 2024 through 2028.

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Korea-Africa Summit

Uganda, Korea sign $500m loan agreement

The signing ceremony took place at the Korean Ministry of Foreign Affairs in Seoul on the sidelines of the First Korea-Africa Summit which concluded on Wednesday.

Ugandan Minister of Finance Matia Kasaija with Korean Minister for Foreign Affairs Cho Tae-yul after signing the framework agreement for a $500m loan from Korea EXIM Bank. (Credit: Ministry of Finance, Republic of Korea)

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