Uganda Secures $2 Billion World Bank Boost to Drive Transport, Energy and Agriculture Growth
KAMPALA/UGANDA
Uganda’s Ministry of Finance announced today that the country will receive more than $2 billion in concessional financing from the World Bank over the next three years, marking the restoration of a key partnership that had been frozen since 2023.
According to Treasury Permanent Secretary Ramathan Ggoobi, the funds will target priority sectors such as transport, energy, ICT and agriculture, as the government seeks to accelerate growth and job creation.
“This package demonstrates renewed confidence in Uganda’s fiscal discipline and development agenda,” Ggoobi said.
The new deal follows months of discussions between the Ugandan government and World Bank representatives, who had previously paused new lending due to human-rights concerns surrounding the 2023 Anti-Homosexuality Act.
Focus Areas of the $2 Billion Deal
Transport: Expansion of national road networks and urban transit corridors
Energy: Grid upgrades and renewable projects to expand rural electrification
Agriculture: Irrigation, agro-processing zones and value-chain financing
ICT: Digital transformation initiatives, e-governance and startup support
The package will be disbursed through various project frameworks between 2025 and 2028.
Economic Context
The announcement comes as Uganda prepares for oil production in 2026 and seeks to boost GDP growth to double-digit figures. Economists say this funding could relieve pressure on domestic borrowing and stabilize inflation.
Local analysts also urge transparency: “This is a massive inflow, but it must be tracked closely to ensure value for citizens,” noted Makerere economist Dr. Jane Mukasa.
Global and Local Implications
For international investors, the move signals renewed confidence in Uganda’s stability. For ordinary Ugandans, it offers hope for improved infrastructure, rural access and employment.
Meanwhile, for media and tourism partners, this marks a chance to highlight Uganda’s emerging growth story — a blend of development, innovation and culture.
With over $2 billion back on the table, Uganda is entering a renewed phase of economic transformation. The challenge now will be turning financing into tangible impact — roads built, power delivered, farms connected and lives improved.
