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Abu Dhabi, UAEWednesday 19 September 2018

Abu Dhabi Fund for Development loans Dh40m to provide electricity to Ugandan town

The project will benefit 20,634 consumers over the next 10 years

The Abu Dhabi Fund for Development has approved a Dh40 million loan for a rural electrification project in Kalongo, Uganda, that will improve living standards across homes, schools and workplaces.

Set to benefit 20,634 consumers over the next 10 years, the programme will power homes, schools, health care centres, government offices, commercial, industrial and agricultural establishments.

The project aims to help the government achieve its objective of meeting the rural electricity demand.

“Energy is of great significance, given its crucial role in poverty eradication and inclusive development,” said Mohammed Saif Al Suwaidi, ADFD’s director general.

“The UAE, through the Abu Dhabi Fund for Development, pursues an active policy of supporting sectors that can accelerate economic development across emerging countries. At ADFD, we are committed to supporting the government of Uganda in fulfilling its development objectives through ensuring timely and adequate funding for strategically important projects.”

Mr Al Suwaidi, along with Ajedra Aridru, Uganda’s Minister of State for Finance, Planning and Economic Development, signed the loan agreement at the ADFD headquarters in Abu Dhabi.

The project involves civil and electrical work to install a transmission line and distribution stations.

By supporting the development of small industries, workshops and agricultural units in rural Uganda the plan has a the larger goal of curbing the exploitation of vegetation and capping migration to the cities.

Mr Aridru praised the UAE for its efforts and acknowledged the role ADFD has played in advancing sustainable growth in key sectors in Uganda. The electrification project would help the Ugandan government to achieve its development priorities, he said.

ADFD’s engagement with Uganda dates back to 1977. The fund has since extended Dh79 million in loans and government grants for projects to improve livelihoods in the rural and local economy.

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Abu Dhabi's development fund invested Dh1.4bn in 11 projects in developing countries last year

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