The Government of 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 boost connectivity, tourism, trade and investment in Northern Uganda and the Karamoja sub-region.
The financing agreement was signed on Tuesday by Finance Minister Henry Musasizi and Standard Chartered Bank Uganda Chief Executive Officer Sanjay Rughani.
Speaking at the signing ceremony, Minister Musasizi described the financing package as a demonstration of the shared commitment between the Government and its partners to unlock the economic potential of Northern Uganda and Karamoja through improved infrastructure.
“The 115.8-kilometre Kitgum–Kidepo Road will improve connectivity, reduce transport costs and strengthen regional trade while supporting the implementation of the ATMS,” Musasizi said.
He noted that the road will also support key investments in the region, including the Yaobai Cement and Clinker Factory in Moroto, a project valued at more than USD 300 million, while enhancing access to Kidepo Valley National Park. The project will also complement the planned USD 72 million Kidepo International Airport, further strengthening tourism and investment opportunities.
Musasizi emphasized that the road represents more than just a transport project.
“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,” he 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 growth and long-term development.
“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 Works and Transport Minister Fred Byamukama, Trade Minister Sanjay Tanna, Tourism Minister Tom Butime, and Lisa Chesney, among other government officials.
The Kitgum–Kidepo Road is expected to play a key role in opening up Northern Uganda and the Karamoja sub-region by improving transport efficiency, lowering the cost of doing business and stimulating tourism, trade and industrial development.
