BusinessNews

Uganda Receives Over Ugx 200 Billion From The German Government

1 Mins read

The German government has committed to spending over two hundred and fifty-three billion Ugandan shillings (EUR 58.4 million) to finance agriculture and rural development as well as access to renewable energy, in Uganda.

The money will also help in the area of good governance and human rights.

The German Embassy in Uganda said the money will pave way for Ugandan-German development cooperation in the period from 2021 to 2022. The signing of the grant marked the conclusion of the talks between the Ugandan government and German on how the money will be utilized.

Patrick Ocailap, the Deputy Secretary to the Treasury signed on behalf of Uganda while the head of East Africa Division of the Federal Ministry of Development Cooperation Niels Breyer signed on behalf of the German Delegation.

The funding, according to a statement from the German Embassy, will go to initiatives aimed at supporting  Uganda in implementing its National Development Plan III, the United Nations’ Agenda 2030 and the Agenda 2063 of the African Union.

Related posts
News

Grief and Mystery as Canon Jimmy Musimbi’s Body Remains Missing After YY Bus Crash

1 Mins read
The family of Canon Jimmy Musimbi is pleading for answers after his body remained unaccounted for days following a fatal YY Coaches…
Business

Namuwenge Rallies Support, Monitors PDM Progress in Mbale City

1 Mins read
Rita Namuwenge, the National Coordinator for the Emyooga program and Parish Development Model (PDM) consultant for Eastern Uganda, has said that poverty…
Business

Nabbanja Closes National Dialogue on Health Financing, Urges Sustainable Investment in Healthcar

1 Mins read
Prime Minister Robinah Nabbanja has officially closed the National Dialogue on Health Financing, calling for increased investment and stronger policy implementation to…