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Eastern Africa

ADF approves US$71.5m for Uganda Roads Project

The Board of the African Development Fund (ADF) has approved a loan of US$71.5 million to pave sections of two roads in southwestern Uganda.

December 5, 2020

By Staff Writer
The project is expected to boost livelihoods, school attendance and rural connectivity. The financing will be sourced under ADF-15, the most recent replenishment of the Fund, which is the concessional lending window of the African Development Bank Group. The loan represents roughly 86% of the project’s total costs and the government

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