In a move aimed at boosting economic development in South Sudan, the African Development Fund (ADF) has approved a grant of USD 153.66 million (over Shs562 billion) for the Uganda-South Sudan power interconnection project. The project, which is part of…
In a significant move to address a major financial scandal, the Ministry of Finance, Planning, and Economic Development has appointed Godfrey Ssemugooma as the Acting Accountant General. This decision follows the interdiction of nine senior officials implicated in a Shs 60 billion (USD…
The Board of Directors of the African Development Bank Group has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar. The Climate Action Window…
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit…