Uganda Secures Shs1.1Trillion Loan from Afreximbank to Fund Infrastructure and Dev’t Projects

The Government of Uganda has secured a €270 million (approx. UGX 1.1 trillion) 10-year loan facility from the African Export-Import Bank (Afreximbank) to finance development and infrastructure projects.

The loan is earmarked for strategic investments in infrastructure and human capital development aimed at boosting sustainable growth and social transformation. According to the Ministry of Finance, the funds will support government projects in agriculture value addition, oil and gas, energy generation and distribution, special export processing zones, industrial parks, as well as road, rail, and port infrastructure.

Finance Minister Matia Kasaija said the financing reflects Afreximbank’s confidence in Uganda’s economic direction. “This is a clear demonstration of the Bank’s relevance to Uganda and the African continent, as well as an expression of its confidence in delivering tailored solutions to the requirements of its member countries,” he noted.

Beyond the loan facility, Afreximbank is also deepening its footprint in Uganda with the construction of its East Africa regional office in Kampala’s central business district. The office, located near Yusuf Lule Road, will host the African Trade Centre, which will coordinate the bank’s business across the region and spearhead trade-related financing activities.

Minister Kasaija said this development underscores Afreximbank’s strong partnership with Uganda. “These investments signify the Bank’s strong confidence in the Government of Uganda and our shared vision of promoting trade and development in Africa,” he added.

The loan is expected to accelerate Uganda’s infrastructure expansion and reinforce the country’s regional trade competitiveness.