By Walter Okello I June 30th 2026
Uganda has secured €110.5 million (approximately UGX 481 billion) in financing for the construction of the 115.8-kilometre Kitgum–Kidepo Road, a major infrastructure project expected to improve connectivity, promote tourism and unlock economic opportunities in Northern Uganda and the Karamoja sub-region.
The financing agreement was signed on Tuesday by Uganda’s Finance Minister, and the Chief Executive Officer of Standard Chartered Bank Uganda.
Speaking at the signing ceremony, Hendry Musasizi the minister of finance plannin and economic development described the financing package as a demonstration of the shared commitment between the Government of Uganda and its partners to improve transport infrastructure and stimulate economic growth in the region.
He said the Kitgum–Kidepo Road will reduce transport costs, enhance regional connectivity and strengthen cross-border trade while supporting the implementation of the African Continental Free Trade Area transport objectives.
According to the minister, the road will also support major investments in Northern Uganda and Karamoja, including the over US$300 million Yaobai Cement and Clinker Factory in Moroto. The project is also expected to improve access to and complement the planned US$72 million Kidepo International Airport, positioning the region as a stronger tourism and investment destination.
“Today’s signing is not simply about financing a road. It is about investing in Uganda’s future. It is about connecting farmers to markets, industries to raw materials, tourists to destinations and businesses to opportunity. Together with our partners, we are laying another foundation for a more productive, competitive and prosperous Uganda,” Musasizi said.
Standard Chartered Bank Uganda CEO Sanjay Rughani said the agreement reflects the bank’s continued commitment to supporting government projects that deliver both economic and social impact.
“The Kitgum–Kidepo Road is a strategic investment that reinforces our long-term role as a trusted Corporate and Investment Bank,” Rughani said.
The signing ceremony was witnessed by the Minister of Works and Transport, , the Minister of Trade, Industry and Cooperatives, the Minister of Tourism, Wildlife and Antiquities, and among other government and private sector officials.