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Uganda announces that it will borrow US$358 million from the African Development Fund, the Arab Bank for

Economy of Uganda — Uganda announces that it will borrow US$358 million from the African Development Fund, the Arab Bank for Economic Development in Africa, and Standard Chartered to fund a power grid

Published September 16, 2025· Updated October 28, 2026·1 min read

Context: Economy of Uganda.

Uganda announces that it will borrow US$358 million from the African Development Fund, the Arab Bank for Economic Development in Africa, and Standard Chartered to fund a power grid link with South Sudan, a road to the Democratic Republic of the Congo, and expanded clean water access. [https://www.reuters.com/sustainability/boards-policy-regulation/uganda-borrow-358-million-power-line-south-sudan-other-projects-2025-09-17/ (Reuters)]

Event summary via Wikipedia Current Events (2025-09-16).