Uganda will receive over 2 billion in new World Bank financing over the next three years to support projects in transport, energy, ICT, and agriculture. The funding marks the return of concessional lending after a suspension that had pushed the government to rely on costly domestic borrowing. CNBC Africa is joined by Pamela Akidi, Retail Sales Manager Global Markets at Stanbic Uganda to discuss key developments around the markets.
Uganda will receive over 2 billion in World Bank funding over the next three years.
Funding will prioritize development in agriculture, energy, ICT, and infrastructure.
The return of concessional lending marks a shift from costly domestic borrowing.
World Bank's support aligns with Uganda's 2040 strategic economic goals.
Stock market shows mixed reactions with sectors like Umeme experiencing volatility.
The Ugandan shilling continues to show a strong performance year-to-date.
