The Government of Uganda has secured financing worth €110.5 million (approximately Shs481 billion) for the construction of the 115.8-kilometre Kitgum–Kidepo Road, a major infrastructure project expected to improve connectivity, boost tourism and stimulate economic activity in Northern Uganda and the Karamoja sub-region.

The financing agreement was signed by Finance Minister Henry Musasizi and Sanjay Rughani, the Chief Executive Officer of Standard Chartered Bank Uganda.

Speaking at the signing ceremony, Musasizi described the project as a long-term investment aimed at transforming livelihoods and strengthening Uganda’s economy.

He said the new road will improve access to markets for farmers, ease the movement of goods and services, and enhance links between key economic and tourism destinations.

According to the minister, the project aligns with the government’s development priorities under the Agro-Industrialisation, Tourism, Mineral Development, and Science, Technology and Innovation (ATMS) strategy.

The road is also expected to support industrial growth in Karamoja, including improved access to the multi-million-dollar Yaobai Cement and Clinker Factory in Moroto, while creating a more efficient transport corridor for businesses operating in the region.

Tourism is another key beneficiary of the project. Once completed, the road will provide easier access to Kidepo Valley National Park, one of Uganda’s leading wildlife destinations.

It will also complement the planned development of Kidepo International Airport, further strengthening the area’s appeal to domestic and international visitors.

Standard Chartered Bank Uganda CEO Sanjay Rughani said the financing demonstrates the bank’s commitment to supporting projects that deliver lasting economic and social benefits.

He noted that strategic infrastructure investments are essential for driving sustainable growth and expanding business opportunities across the country.

The agreement was witnessed by Works and Transport Minister Fred Byamukama, Trade Minister Sanjay Tanna, Tourism Minister Tom Butime, and Lisa Chesney, among other government and development partners.

Government officials say the Kitgum–Kidepo Road will significantly reduce travel time, lower transport costs and improve access to essential services, while helping unlock the economic potential of Northern Uganda and Karamoja through better infrastructure and regional connectivity.