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Uganda: AFDB sets Shs910 billion for roads

April 8, 2017
in Business News, Latest Nigeria News
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The African Development Bank Group (AfDB) has approved $253m (Shs910 billion) of loans to Uganda and Kenya for upgrading roads linking the two countries.

Image result for african development bank

The bank, in a press statement released last week, revealed that Kenya will get $147.3 million (Shs530b) while Uganda gets $105.7 million (Shs380b).

The loan will be used in the upgrading of 118 km road section connecting the two countries as well as the construction of the 32 km Eldoret Town bypass, in Kenya.

According to the bank, once complete in 2021, project will contribute to improve the living standards of the 1.4 million people in the project zone of influence.

 

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