Uganda has signed a partnership deal with the European Union (EU), an agreement that will see the country receive $97.5 million for its green economy.
According to Uganda’s Finance Minister, Matia Kasaija, the funds will go toward projects that will improve the standards of products in the country, and enable them to export goods to Europe.
Sectors that fall under the larger green economy umbrella include climate-smart agriculture, green cities, eco-tourism, renewable energy, liquefied petroleum gas (LPG) and waste reduction.
Of the total grant, $50 million will be used to develop innovative products and projects that reduce environmental risks. The rest will go to budget and technical support programs.