Germany has extended a USD207 million grant to Uganda, the African country’s finance ministry said.
The money is expected to boost Uganda’s renewable energy resources, support the expansion of its financial services sector and help increase financial accountability, the ministry said in a statement as reported by Reuters. The grant, which will be disbursed over four years, will also be used to help Uganda improve access to water and sanitation.
Part of the grant has been allocated for initiatives to boost economic and social recovery in conflict-stricken regions in northern Uganda.
Germany is one of the African country’s top bilateral donors, Reuters notes.