“Green growth provides the private sector with opportunities in the fields of energy management, sustainable natural resources management and environmental protection. With the customized financing from AFD, investments in green energy and energy efficiency solutions is now a reality in Uganda,” said Virginie Leroy, the AFD country representative.
It promotes development of a low carbon economy in the region by financing the development of renewable energy and energy efficiency solutions. To support private investment in green energy and energy efficiency, AFD supports local banks in identifying green investment opportunities and in allocating green loans with favorable conditions for tailor-made debt.
She underscored the huge economic development potential presented by the transition towards a green economy.
“$10 million already available for lending to renewable energy and energy efficiency projects in Uganda for financing through DTB Uganda,” said the French Ambassador to Uganda, Stephanie Rivoal.