The African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have entered a deal aimed at boosting support to the private sector. The Joint Project Preparation Facility Framework Agreement will provide early project preparatory financing and technical support services to public and private sector entities.

The facility worth 25 million dollars (93 billion Shillings) is aimed at boosting Uganda’s industrialization and export development activities, by way of funding the preparation of projects for investments in Uganda. UDB is Uganda’s only development bank, and is increasingly focusing on promoting youth, women and small and medium enterprises in government’s priority sectors.

For more information, please see https://www.independent.co.ug/afreximbank-udb-in-shs93-billion-deal-to-support-private-sector/