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Month: August 2023

Arab Development Bank provides $20m for Ugandan private sector

Uganda’s private sector is to benefit from a $20 million line of credit being provided by the Arab Bank for Economic Development in Africa (BADEA) through the Uganda Development Bank Limited (UDB). Dr. Fahad Abdullah Aldossari, the BADEA Board Chairman said recently in Kampala, “This marks another key milestone for BADEA in the expansion of […]
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French firm Sogea wins $70m Uganda water supply project

Two subsidiaries of VINCI Construction, the French conglomerate, have been selected to design and build drinking water supply infrastructure in Mbarara district south-west Uganda, on behalf of the state-owned National Water and Sewage Corporation. Sogea-Satom and VINCI Construction Grands Projets are the lead contractors in a $70 million project initiated by the Ministry of Water […]
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President Museveni invites Russian companies into the Uganda Oil sector

President Yoweri Museveni has asked Russian President Vladimir Putin to encourage more Russian companies to invest in Uganda. Museveni asked the Russians to invest in Uganda’s Oil Refinery and the crude oil pipeline among others during the Russia – Africa summit that’s just been concluded.   Ugandan’s Kingfisher oil field is operated by China National […]
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