Private sector led economy: European governments promise full support to Uganda


By Mukose Arnold Anthony

The French and German governments have promised to support to Uganda’s efforts to boost the private sector led economy which is one of the leading economy and development drivers globally.

This promise has been revealed the French ambassador in Uganda H.E. Madame Stephaine Rivoal Friday morning during a 37M Euro laon to Uganda government at the ministry of Finance, planning and economic development headquarter in Kampala.

Ambassador Stephaine said that though they have invested more in water, sanitation, environment, climatic change projects by 70M in 2015 and 200M Euros in 2017/18 but are ready to respond in case the government of Uganda calls on them for private sector economy development.

“Our relationship is symbolic and we continue to welcome such kind of initiative that has seen us fulfill all our commitments in the last few years like the 70M in 2015 and now its 200M in 2017 and growing very fast supporting water and sanitation, energy, environment, climatic change projects and also strengthening private sector and listening very carefully when the leadership of Uganda is speaking, it is my understanding that you want to develop private sector led economy therefore we’ll also be there to support you” Ambassador  Stephaine promised

At the same function, Virginie Leroy the Agence Francaise de development representative in Uganda, one of the French groups that have borrowed Uganda  to improve develop power transmission said that the confidence Ugandans exhibit while promoting their country made them offer a loan. Virginie said that as AFD cerebrate 20years in Uganda,  they have injected in a commitment of over 760M Euros in more than 36 projects that the Masaka-Mbarara power transmission is one of  the many.

“This project will help to stabilize and ignite in central and western Uganda but it will also connect Uganda to Rwanda and to Kenya, someone told me Uganda is a landlocked country but also a land connected so we’re very happy to associate ourselves with the development of Uganda” Madam Leroy expressed


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