France offers government Shs58b loan

French Ambassador to Uganda Sophie Makame (L) exchanges documents with Finance Minister Maria Kiwanuka after signing the agreement yesterday. Photo by Stephen Otage.

The government has obtained a $23 million (about Shs58 billion) loan from the French Development Agency to finance the construction of the 220KV Nkenda –Fort Portal to Hoima Transmission Line on top of the Shs136 billion ($54 million) Norwegian grant.


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