Uganda-EU Sign $97.5m Deal To Fund Green Economy Uptake

Uganda has signed an additional three grant financing agreements worth $97.5 million with the European Union. PHOTO | FILE | NMG

Uganda has signed an additional three grant financing agreements worth €85.9 million ($97.5 million) with the European Union.

Finance Minister Matia Kasaija said the EU grants will support three projects and programmes that are meant to improve the standards of Uganda’s products, and see the country qualify for and sustain its exports to Europe.

Mr Kasaija said the bulk of the cash — about €45 million ($50 million) — will fund the inclusive green economy uptake programme, which involves developing innovative products and projects that reduce environmental risks — a key benchmark for gaining access to the EU market. Read more…

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