President Yoweri Museveni Meets The Badea Group Chairman Board of Directors.

Wednesday 5th October, 2022 -President Yoweri Museveni has today
met the Badea group led by the Chairman Board of Directors, Dr.Fahad
Abdullah Al -Dossari at Nakasero State Lodge.
The group announced a 2 million dollar grant for the prevention of Ebola
outbreak in the country.
The Arab Bank for Economic Development in Africa (BADEA) is a
financial institution owned by eighteen Arab countries members of the
League of Arab States (LAS) which signed its Establishing Agreement in
18th February 1974.
The Bank is an independent International Institution with an objective
strengthening economic, financial and technical cooperation between
the Arab and African regions and for the embodiment of Arab-African
solidarity on foundations of equality and friendship among other
Objectives.

President Museveni welcomed the Badea team and thanked them for
partnering with Uganda in implementing development projects . He
highlighted areas such as the competition of Oil roads, funding of the Oil
pipe line , Refinery, commercial agriculture and manufacturing
industries as priority areas The chairman Badea, disclosed that the Bank

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has been supporting a number of projects through their credit line in
Uganda Development Bank (UDB) such as Uganda heart institute,
rehabilitation of roads building of bridges in Northern Uganda, irrigation
schemes, roads rural electrification among other projects.
The group also agreed with the Government of Uganda to remove all the
difficult clauses in the financing agreement in order that the
procurement processes are more flexible to allow local investors to
participate.
The meeting was attended by permanent secretary Ministry of Finance
and Economic planning Ramadhan Ggoobi among other senior
government officials.