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UEDCL secures $50m loan to upgrade Uganda’s power network

KAMPALA, Uganda — Absa Bank Uganda has finalized a landmark five-year, $50 million (£40.4 million) debt financing deal with the Uganda Electricity Distribution Company Limited (UEDCL) to significantly expand and reinforce the nation’s power grid. The utility company said the injection of capital marks its first commercial loan transaction since officially taking over the electricity […]

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