Uganda Secures $800 million from IsDB to fund development through 2027
Summary
This resource mobilisation will primarily be used to build climate-resilient infrastructure, particularly in the transport and energy sectors.
Uganda has secured an $800 million national engagement framework with the Islamic Development Bank (IsDB) Group, aimed at fostering economic resilience and promoting sustainable human development over the 2025–2027 period. This information is according to a tweet from the Ugandan Ministry of Finance on 21 May 2025.
Out of this package, $500 million will be provided by the IsDB. The Islamic Corporation for the Development of the Private Sector (ICD) and the International Islamic Trade Finance Corporation (ITFC) will each contribute $150 million.
This resource mobilisation will primarily be used to build climate-resilient infrastructure, particularly in the transport and energy sectors. It also aims to spur economic transformation and bolster food security by enhancing agricultural exports.
These resources will also contribute to inclusive growth by strengthening human capital, improving health, and fostering skills development in sectors like agriculture, hospitality, healthcare, ICT, and oil.
Uganda’s National Development Plan IV (NDP IV), covering 2025–2030, has reportedly faced budget constraints, including underfunding of essential programmes and disparities in resource allocation.
During its 2025 Annual Assembly, the IsDB approved over $1.32 billion in financing to its member countries.
Related
-
FCMB to empower women, local enterprises with $50mn AfDB credit line
The AfDB will provide a further technical assistance grant of $200,000 to FCMB to support training, monitoring and ...
-
EIB pledges €170 million for starting National Development Bank of Ghana
The EIB last year provided EUR 5 billion for public and private investment across Africa.
-
Finnfund grants $10 million loan to FNB Ghana to boost mortgage financing
The Finnish DFI said about half of its total investments and commitments of €957 million is in Africa.
Sustainable Development Section Sponsor
-
Access Bank Plc ...Financing the future
Most Popular
