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Uganda has signed a €110.5 million deal with the local unit of Standard Chartered to help finance the construction of a new road in the country’s northeast. The finance ministry said the 115.8-kilometre project will reduce transport costs and strengthen regional trade.
The road will be built in Karamoja, a remote border region near Kenya that has drawn rising investor interest in recent years because of its mineral potential, including gold. The ministry said the project is intended to improve access in an area that has remained underserved for years.
Authorities said the road will also support major investments already planned or under way in the region. These include a $300 million cement factory and a $72 million international airport.
The financing underscores how infrastructure is becoming a key requirement for unlocking economic activity in mineral-rich but remote parts of East Africa. Better roads can lower logistics costs, improve market access and make large projects more viable.
For Uganda, the agreement reflects a broader effort to link transport development with regional growth and resource development. Karamoja’s location and mineral prospects make it strategically important, but that potential depends heavily on reliable infrastructure.
