Absa Bank leads way as Uganda seeks to realise $500 billion energy future
Absa Bank Uganda is collaborating with government officials to support the country's ambitious energy expansion goals. The bank is focusing on providing bankable financial structures to help bridge the gap between current power generation and universal electrification.
Why it matters
Effective financing models are critical for Uganda to meet its goal of increasing installed capacity to over 50,000 MW by 2040 and improving rural electrification.
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Absa Drives Blended Finance and Bankability at the 2nd Energy Convention
Kampala, Uganda | NEWS CORRESPONDENT | Key policy drivers and financial leaders have made proposals to tackle Uganda’s transition from power generation to universal access. This, at the 2nd Energy Convention held at Four Points by Sheraton, whixh saw a high-level dialogue and a ministerial plenary session, capped by robust panel discussions addressing the country’s ambitious $9.4 billion energy target.
Absa Bank Uganda Chief Financial Officer, Michael Segwaya, reinforced the banking sector’s role in realizing the national vision during the ministerial plenary attended by the State Minister for Energy, Sidronius Okaasai Opolot to open the conversation from a macroeconomic perspective.
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