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Gov’t of Uganda secures UGX640 bn loan from Citi, ATIDI and Dev’t Bank of Southern Africa for roads

Ebru Pakcan, Citi's Middle East & Africa Cluster and Banking Head (left) and Hon. Henry Musasizi, the Minister of State, General Duties, in the Ministry of Finance, Planning and Economic Development.
by Brian Emorut
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Citi today announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted as the sole coordinating Mandated Lead Arranger and a lender. The financing was supported by African Trade and Investment Development Insurance (ATIDI) and the Development Bank of Southern Africa (DBSA). Banks in t

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