Saudi fund signs $30 million loan deal with Uganda
Saudi Fund for Development (SFD) has signed a development loan agreement worth 30 million dollars with Uganda to finance the African country’s heart institute project.
The deal was inked between the CEO of the SFD, Sultan Abdulrahman Al-Marshad and Ugandan Minister of Finance, Planning and Economic Development, Matia Kasaija, in Uganda’s capital Kampala.
Ugandan Minister of Health Ruth Aceng and several other officials attended the signing ceremony, local media reported.
According to reports, the agreement aims to bolster Uganda’s healthcare sector and provide support for its third five-year National Development Plan, which stipulates the country’s medium-term strategic direction, development and priorities.
It would also implement strategies, with the goal of enhancing productivity and social well-being, the report added.
The Heart Institute project was initiated in line with the plan, encompassing establishing medical facilities, introducing cutting-edge medical and technical equipment, holding medical training, and expanding the capacity of cardiac disease prevention and treatment.
The project is expected to benefit more than 62,400 individuals, create job opportunities within the medical sector, and boost the local economy.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Tinubu mourns veteran journalist Sidi Ali
“The late statesman was a prolific writer, publishing 19 books and numerous articles.”
States
Residents scoop fuel as tanker falls in Edo
The truck driver was said to have lost control of the vehicle while trying to ascend the hill.
NationWide
MNJTF working to eliminate Boko Haram, ISWAP in Lake Chad: Official
He urged the public not to panic by the troops’ movements but to offer support to them to eradicate the terrorists.
NationWide
Tinubu congratulates information, interior ministers on birthdays
The President said the minister has brought finesse and immense experience to his role as Nigeria’s image maker.
States
Zamfara govt. to deal with workers receiving multiple salaries
He advised them to support the present administration in its determination to sanitise the state civil service.
States
Anambra labour unions call for establishment of civil, judicial service commissions for workers’ rights
They also called for the appointment of a special adviser on labour matters in the state.
