Govt Secures Shs 480.9 Billion Standard Chartered Loan for Kitgum–Kidepo Road Upgrade

The Government of Uganda has finalized a financing agreement worth €110.5 million (approximately Shs 480.9 billion) with Standard Chartered Bank Uganda. The funds are earmarked for the crucial upgrade of the 115.8-kilometer Kitgum–Kidepo Road.

This strategic road project is expected to significantly improve regional connectivity, reduce transportation costs, and unlock substantial trade, tourism, and investment opportunities across Northern Uganda. It also aims to strengthen vital links with neighboring South Sudan.

The agreement, signed at the Ministry of Finance, underscores the growing importance of public-private partnerships in developing Uganda’s infrastructure and driving economic transformation.

Minister of State for Finance, Henry Musasizi, highlighted the road’s significance as a catalyst for economic growth in the north, emphasizing its role in improving the movement of goods and people, and facilitating smoother trade relations with South Sudan. The road connects the Acholi and Karamoja sub-regions and serves as a key route to South Sudan.

Minister of State for Works and Transport, Fred Byamukama, stated that this project aligns with the government’s wider objective of enhancing national infrastructure to stimulate economic advancement. He noted that modern roads are essential for community linkage, business support, and improved access to social services.

Beyond trade, the upgraded road is anticipated to be a major boon for the tourism sector, improving access to popular destinations like Murchison Falls National Park and Kidepo Valley National Park. Tourism Minister Tom Butime commented that improved infrastructure is a primary driver for tourism growth, leading to increased visitor numbers, job creation, and foreign exchange earnings.

Standard Chartered Bank Uganda, through its CEO Sanjay Rughani, expressed pride in partnering with the government, viewing infrastructure investments as generators of long-term economic and social benefits for communities across Northern Uganda.

The British High Commission also welcomed the agreement, recognizing its potential to strengthen value chains, connect producers to markets, and deepen trade ties between Uganda and South Sudan.

Dott Services has been contracted for the construction work, with assurances of timely and budget-compliant delivery. Upon completion, the Kitgum–Kidepo Road is set to become a vital economic artery for Northern Uganda. The financing was reported by Nile Post.