EU Increases Investment in Uganda as Partnership Marks 50 Years
The EU pledges to enhance investment in Uganda's infrastructure and trade as the two celebrate 50 years of cooperation. The EU aims to support Uganda's transition to middle-income status with sustainable investments, targeting energy, connectivity, and climate resilience. Over five decades, the EU has invested over €5 billion in development, with a focus on infrastructure financing, including a €30 million grant for the Nalubaale-Kiira hydropower complex. Trade has flourished, with exports to the EU tripling since 2019, especially in coffee.
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The European Union has pledged to increase investment in Uganda as both celebrate 50 years of partnership. The EU plans to support Uganda's transition to middle-income status with serious, sustainable investments, targeting infrastructure, trade, and job creation under its Global Gateway strategy.
The EU has invested over €5 billion in Uganda over the last five decades, with a focus on mobilizing infrastructure financing, including a €30 million grant for the Nalubaale-Kiira hydropower complex. Trade relations have strengthened, with exports to the EU nearly tripling since 2019, reaching €1.5 billion, particularly in coffee. The EU emphasizes quality improvement and climate resilience in agricultural exports.
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