Uganda has signed a €110.5 million financing agreement with Standard Chartered Bank Uganda to support the construction of a major road in the country’s northeastern region, advancing efforts to improve transport links and stimulate economic activity in underserved areas.
The financing, equivalent to about $126 million, will help fund the Kitgum-Kidepo road, a strategic route expected to strengthen access to one of Uganda’s most important tourism corridors. The project forms part of the government’s broader infrastructure agenda, which seeks to improve mobility, reduce transport costs and open up regions with strong economic potential.
