Kampala, Uganda — ESI-AFRICA.COM — 15 December 2010 – The government of Uganda has secured US$220 million (R1.5 billion) in loans to boost power distribution in the country, the Daily Monitor reports, citing the Uganda Electricity Transmission Company Limited.
Confirming this here, Uganda Electricity revealed that the loans had been negotiated with the African Development Bank and the Japan International Cooperation Agency.
The Kampala-based newspaper quoted agency managing director Elias Kiyemba as saying that
the money would be used to build transmission lines in the western, eastern and northern parts of the country next year.
It gave no further details about the loans.