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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
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.”
Economy
Flutterwave appoints Guo Songmei as regional VP of sales, partnerships for Greater China, Asia
“Songmei brings more than 20 years of cross-border corporate and commercial banking leadership spanning Africa,” Flutterwave said.
Health
Senior doctors in England to strike for two days over pay dispute
Mrs Cooper expressed disappointment over the insistence by the BMA to mobilise senior doctors to go on strike.
States
FG, IFAD distribute tricycles, farm equipment to over 500 farmers in Anambra
The equipment distributed included 49 tricycles, 84 power tillers, 80 solar-powered water pumps, 200 knapsack sprayers and fertiliser applicators.
Economy
Afreximbank records $813.5 million net income in nine months
Afreximbank noted that the growth was underpinned by an expansion of its lending portfolio.
Hot news Home top
Chris Brown sentenced for London nightclub attack
Brown,37, had repeatedly struck Abe Diaw with a tequila bottle in the VIP section of Tape, a nightclub in London on February 19, 2023.
World
London’s Oxford Street becomes traffic-free
City officials said the revitalisation plan will create new opportunities for the famous street, which brings about $33 billion annually to London’s economy.
