Uganda gets $45m for farming

Feb 04, 2007

THE African Development Bank (AfDB) on Wednesday approved a $45.13m (about sh79b) loan to help Uganda upgrade agriculture infrastructure.

By Ibrahim Kasita

THE African Development Bank (AfDB) on Wednesday approved a $45.13m (about sh79b) loan to help Uganda upgrade agriculture infrastructure.

“The specific objectives of the project are to enhance farmers’ access to markets, attract competitive prices and increase incomes through improvements in rural infrastructures and their management,” the bank said in a statement.

An estimated 35% of the country’s population will benefit from the project, said the AfDB, which is based in Tunis, Tunisia.

The money will also be used to repair 390km district roads, 3,510km community access roads, annual routine and recurrent maintenance of 587km roads and 5,267km of community access roads.

Uganda has won $1.27b of loans from the bank to finance 100 projects in the last 39 years.

(adsbygoogle = window.adsbygoogle || []).push({});