Uganda Secures €500 Million Loan for Infrastructure Amid Debt Worries
Enhancing Infrastructure: Uganda's Bold Financial Moves Amid Debt Concerns
Uganda is gearing up to borrow a substantial €500 million (approximately $568 million) from an array of three lenders. Among these is the African Export-Import Bank, known as Afreximbank. This initiative, highlighted by Finance Minister Matia Kasaija, is aimed primarily at bolstering the nation’s infrastructure development efforts. But what does this mean for the everyday Ugandan? Can this financial maneuver truly stimulate growth, or is it an…