The German Embassy in Uganda said the money will pave way for Ugandan-German development cooperation in the period from 2021 to 2022. The signing of the grant on Wednesday marked the conclusion of the talks between the Ugandan government and German on how the money will be utilized.
Patrick Ocailap, Deputy Secretary to the Treasury, MoFPED signs the financing agreement.
The Germany government has committed to spending over two hundred and fifty-three billion shillings (EUR 58.4 million) to finance access to renewable energy, agriculture and rural development in Uganda. The money will also help in the area of good governance and
human rights.
The German Embassy in Uganda said the
money will pave way for Ugandan-German development cooperation in the period
from 2021 to 2022. The signing of the grant on Wednesday marked the conclusion
of the talks between the Ugandan government and German on how the money will be
utilized.
Patrick Ocailap, the Deputy Secretary to the Treasury signed
on behalf of Uganda while the head of East Africa Division of the Federal
Ministry of Development Cooperation Niels Breyer on behalf of the German
Delegation.
The embassy says “Germany pledges to continue the promotion
of renewable and efficient energy as this will, in turn, lead to increased
support of small and medium enterprises. This will help deepen the promotion of
mini-grids to bring electricity to marginalized villages far off from the
national grid.”
Germany’s bilateral programs are implemented through its
development agency GIZ and state-owned bank KfW. The funding, according to the statement, will go to initiatives aimed at supporting Uganda in implementing its National Development Plan III, the United Nations’ Agenda 2030 and the Agenda 2063 of the African Union.
Germany plans to extend another shillings 65. 2 billion (EUR
15 million) in grants envisaged for Public Finance Management Reform program
but it awaits approval of the German Parliament.
An additional of 39 billion shillings (EUR 9 million) will
be provided to support the areas of anti-corruption, accountability and
transparency in public finance management as well as strengthening human rights
and civil society.
Germany has supported Uganda in other areas including
refugees and fighting coronavirus pandemic.