Government finalises loan agreement with SFD to support Uganda Heart Institute

Hon. Matia Kasaija and H.E. Sultan Al-Marshad signing loan agreement
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The Ugandan government’s finance minister, Hon. Matia Kasaija, and the chief executive officer of the Saudi Fund for Development (SFD), H.E. Sultan Al-Marshad, signed a loan agreement this morning for the building and furnishing of the Uganda Heart Institute.

The agreed financing deal, for a total of USD 30 million, will be used particularly to fund the construction work, furnishings, and equipment for the Uganda Heart Institute.

H.E. Sultan Al-Marshad, Chief Executive Officer of the Saudi Fund for Development (SFD)

“On behalf of the people of the Republic of Uganda, I want to extend our heartfelt gratitude for the beneficial and cordial cooperation with the Saudi Fund for Development,” said Kasaija.

He also expressed gratitude to the Saudi Fund for Development and the OPEC Fund for International Development, both of which provided USD 20 million as co-financing to the Uganda Heart Institute.

The project will significantly contribute to the healthcare sector’s support by raising service standards and expanding access to healthcare, according to the CEO of the Saudi Fund for Development.

Hon. Ruth Aceng, the minister of health, praised the SFD for their desire to engage in Uganda’s healthcare industry and for sharing their dedication to bettering the lives of Ugandans.

Hon. Ruth Aceng, Minister of Health
Hon. Ruth Aceng, Minister of Health

“I value SFD’s investment in Uganda’s health sector on behalf of the Ministry of Health” Aceng said. She added that this significant monetary contribution will have a long-term effect on Uganda’s healthcare system.

“Your substantial financial support will undoubtedly leave a lasting impact on the healthcare landscape of Uganda,” said the Health Minister.

Al-Marshad (L), Matia Kasaija(M) and Ruth Aceng (R) pose for a photo.

SFD has invested 81 million USD in seven development initiatives in Uganda during the past four decades. These initiatives are in the fields of agriculture, health, education, and energy.

The 222-bed Uganda Heart Institute project will have five fully functional clinical and research laboratories, two emergency admitting and care facilities, intensive care and emergency services including catheterization procedure rooms, x-rays, and CT scans.

A comprehensive range of cardiovascular surgical procedures will be performed at the centre. The cutting-edge facility will establish the Uganda Heart Institute as a centre of excellence for cardiovascular care on a worldwide scale.

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