Finance Minister Matia Kasaija together with State Minister for International Relations Okello Oryem met a delegation from the High Commission of India in Uganda led by Mr. Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs of India.
Kasaija applauded the existing cordial bilateral relations between India & Uganda and invited Indian investors to take advantage of the available investment opportunities in Uganda. They also discussed the available lines of credit worth USD 205.5 million offered to the government of Uganda by the Government of India.
Uganda is expected to submit ready projects especially from the Ministries of Energy, Agriculture and Trade. These lines of credit also have a grant window that Uganda can tap into to get grant funding for studying priority projects. According to government policy, no project will be cleared going forward without being studied.
Priorities for the lines of credit include: Grid reinforcement & extension, development of infrastructure for agriculture and dairy sector, supply and installation of solar powered water pumping systems etc.