Uganda: Absa Bank Uganda to Facilitate Uedcl $50 Million Power Distribution Expansion Plan

Uganda: Absa Bank Uganda to Facilitate Uedcl $50 Million Power Distribution Expansion Plan

[Independent (Kampala)] Kampala, Uganda -- Absa Bank Uganda and Uganda Electricity Distribution Company Limited (UEDCL) have today announced the advancement of a five-year $50million, landmark financing facility to the electricity distributor to strengthen national power distribution.

UEDCL seals UGX 190 billion loan facility from Absa Bank Uganda amid performance probe

Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the... The post UEDCL seals UGX 190 billion loan facility from Absa Bank Uganda amid performance probe appeared first on CEO East Africa.

UEDCL secures $50 million loan for distribution network upgrades

Absa Bank Uganda and UEDCL announce a landmark $50 million facility to upgrade Uganda’s power grid, aiming to connect over 200,000 new customers and improve nationwide electricity reliability. KAMPALA, Uganda — Absa Bank Uganda announced a five-year, $50 million debt financing facility for the Uganda Electricity Distribution Company Limited, or UEDCL, Monday, marking the utility’s first commercial debt transaction and a major step in the nationa…

UEDCL Gets UGX190bn Loan From Absa Bank Uganda » Business Focus

UEDCL and Absa bank officials in a group photo after signing the loan agreement Uganda Electricity Distribution Company Limited (UEDCL) has signed a multibillion deal with Absa Uganda to boost the giant utility’s distribution network. The five-year US 50 million (about sh190 billion) financing, signed this morning at the UEDCL Tower in Nakasero, Kampala, will support network upgrades and reinforcements, commence on smart grid initiatives, build …