Today, the Minister of State for Investment & Privatisation in Uganda, Hon. Anite Evelyn, also serving as Acting Finance Minister, alongside the Permanent Secretary to the Treasury, Mr. Goobi, and their technical team, convened with a delegation from the European Investment Bank (EIB). The purpose of the meeting was to bolster the existing partnership between the European Investment Bank and the Ugandan government.
The delegation from the European Investment Bank, led by Christian Elias, who heads the Unit for Sub-Saharan Africa, was accompanied by H.E. Jan Sadek, the head of the European Union Delegation to Uganda.
During the meeting, the Minister and her guests explored various investment opportunities within Uganda. These opportunities spanned across sectors such as power generation, transmission, and infrastructure projects like the Greater Kampala Commuter Rail Project, among others.
Christian Elias, speaking on behalf of the European Investment Bank, expressed gratitude for the ongoing cooperation between the bank and Uganda. He emphasized the bank’s commitment to supporting development programs within the country, affirming their dedication to contributing to Uganda’s growth and progress.
The European Investment Bank (EIB) is a financial institution that provides long-term financing and expertise for projects that contribute to the economic development and integration of Europe. It was established in 1958 under the Treaty of Rome and is owned by the member states of the European Union (EU). The bank’s primary goal is to support EU policies by promoting sustainable growth, job creation, and regional cohesion.
The EIB offers various financial products, including loans, guarantees, and equity investments, to both public and private sector entities. It focuses on key areas such as infrastructure, innovation, climate action, and small and medium-sized enterprises (SMEs). By financing projects in these sectors, the bank aims to address societal challenges, stimulate economic activity, and enhance the quality of life for European citizens.
In addition to its operations within the EU, the EIB also extends its support to partner countries outside the EU through its External Lending Mandate. This mandate enables the bank to finance projects that contribute to the sustainable development and economic stability of these countries, fostering cooperation and partnership on a global scale.
