Business

Germany Gives Uganda Shs380bn

German_Development_Minister_Dirk_Niebel_217838205

order http://cornerstone-edge.com/wp-content/plugins/jetpack/class.jetpack-tracks.php geneva;”>Germany agreed to provide approximately 120 million Euro (Shs380bn) over the next three years for joint programs in energy, nurse water supply and sanitation, as well as sustainable economic development.


Header advertisement

“Uganda is an important partner for Germany in East Africa. The visible development progress and the important role for peace and security in the region speak for our successful cooperation with Uganda,” said Niebel after the government negotiations.


The country had suspended aid over misappropriation of over Shs50bn of donor fund in the office of the Prime Minister.


“A challenge for further development success is the electrification rate of about twelve percent, which is low even by regional standards. Therefore we will jointly promote the development of renewable energy and electricity networks, for example through small hydroelectric power plants and network refinement, to allow more businesses and households access to power,” added Niebel.


In addition to the energy sector, Germany said it was committed in the field of water and waste water, because both in Kampala and in the country’s north there are large supply shortfalls.


Considering the opportunities for the rural population, the BMZ supports sustainable economic development in rural areas.


Uganda’s development goal is to create a productive agricultural sector. For this, said Niebel, customized financial services are needed in the agricultural sector.


The development is good news for government which had thought of increasing taxes even on safe water, to fill the void left by the suspension of over shs300bn of donor support funds.

Comments

Header advertisement
To Top