12 °c
London
Tuesday, August 16, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Uganda gets £15M beef funding from UK

Staff by Staff
January 29, 2020
in Africa, Aid, Commonwealth, Economy, Finance, Government, Infrastructure, Investing, Uganda, WAMU
Reading Time: 2 mins read
919 69
1
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The funding pledge is part of a $419 million UK Aid package for the 21 countries invited to the Investment Summit.

President Yoweri Museveni got assurance on Uganda’s beef exports to Britain and a commitment of $19.6 million funding at the UK-Africa Investment Summit.

The funding is intended to start a new phase of financial sector development (FSD) across Africa, to increase the existing financial sector programmes, set up and scale up new FSDs in high priority markets, including Ethiopia, Sierra Leone, Ghana and the West African Monetary Union.

The State House of Uganda said that President Museveni held a bilateral meeting at the sidelines of the summit with UK Prime Minister Boris Johnson.

President Museveni asked UK’s prime minister to encourage more British firms to invest in Uganda, saying that the country has vast investment opportunities in the areas of beef, dairy and crop production.

Uganda’s president was also seeking trade and investments in other areas, including manufacturing, services, ICT and tourism arguing that the supporting infrastructure, like electricity, skilled, affordable labour, good roads and friendly tariffs were in place.

Early this year, Uganda launched a $200 million project to develop critical infrastructure in the Kampala Industrial Park. The project launch was attended by Andrew Stephenson, UK Minister for Africa.

The Kampala Industrial Park is financed by the UK Export Finance and will be jointly undertaken by UK firm Lagan Dott and Uganda’s Dott Services.

At the Summit, Mr Sharma announced the establishment of a project development facility that aims to get private sector money into infrastructure development.

The UK government said Uganda is one of five African countries, including Ghana, Kenya, Egypt and Ethiopia, where this project has already embarked on partnerships that will make money for private sector investment in transport, energy and telecommunications.

Dominic Dudley of Quartz Africa, an investment analyst said the UK is looking for new allies for trade and investment before it exits from the European Union.

Uganda is eyeing part of the £2 billion that the Commonwealth Development Corporation (CDC) Group announced it will invest in Africa by 2022.

Source: The Exchange

Related

Tags: Andrew StephensonBoris JohnsonBritainCDCCommonwealth Development Corporation GroupDominic DudleyDott ServicesEgyptEthiopiaEUEuropean Unionfinancial sector developmentFSDGhanaKampala Industrial ParkKenyaLagan DottQuartz AfricaSierra LeoneState House of UgandaUgandaUKUK AidUK Export FinanceUK-Africa Investment SummitUnited KingdomwamuWest African Monetary UnionYoweri Museveniугандаأوغنداウガンダ烏干達
ScanSendShare395Tweet247Share69Pin89Send
Staff

Staff

Related Posts

Angola Capital Markets Commission analyses privatisations through stock exchange
Finance

Kenya’s stock market is up US$268M due close presidential contest

by The Exchange
August 16, 2022
Expat: Mozambique improves Oil & Gas immigration regime
Policy

Mozambique reviews Visa regime as part of its Economic Stimulus Package

by Elizabeth Khumalo
August 16, 2022
FDI

Foreign investment – plus or minus to Tanzania fishing sector?

by The Exchange
August 16, 2022
Agriculture

Nigeria approves US$24B for smart modular irrigation

by Farmers Review Africa
August 16, 2022
Trade

Ethiopia’s first free trade zone inaugurated

by FurtherAfrica
August 16, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Angola Capital Markets Commission analyses privatisations through stock exchange
Finance

Kenya’s stock market is up US$268M due close presidential contest

by The Exchange
August 16, 2022
0

The Kenyan stock market resumed Wednesday following the General Election break with a $268 million gain, as early results revealed...

Read more
Expat: Mozambique improves Oil & Gas immigration regime

Mozambique reviews Visa regime as part of its Economic Stimulus Package

August 16, 2022

Foreign investment – plus or minus to Tanzania fishing sector?

August 16, 2022

Nigeria approves US$24B for smart modular irrigation

August 16, 2022

Ethiopia’s first free trade zone inaugurated

August 16, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,550 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...