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Uganda: AfDB, EABC Sign $1 Million Grant Deal to Boost Regional Industrialization

Summary by allAfrica
[Independent (Kampala)] Arusha, Tanzania -- The African Development Bank (AfDB) and the East African Business Council (EABC) have signed a $1 million grant agreement aimed at promoting sustainable industrialisation and strengthening manufacturing value chains across East Africa.

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The African Development Bank (AfDB) has approved €173.84 million (Rwf289.4 billion) to support Rwanda’s electricity and renewable energy development programme. This will be supplemented by €86.92 million from the Asian Infrastructure Investment Bank (AIIB), bringing the total project value to €260.76 million (Rwf435 billion). The African Development Bank (AfDB) said in a statement that the funds will support Rwanda’s RBF II project, which aims t…

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Zawya broke the news in on Thursday, July 17, 2025.
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