The launch of the ElectriFI Country Window for Uganda, a tailored EUR 5 million envelope funded by the EU to invest in early-stage renewable energy companies active in the country, took place on Thursday 3 November in Kampala, at the occasion of the Renewable Energy Conference & Expo 2022.
Bridging the financing gap faced by private companies engaged in the renewable energy market is a shared priority of the European Union (EU) and the Government in Uganda. While only a quarter of the Uganda’s citizens have access to electricity; the percentage drops below 20% in rural areas. EU-funded initiatives such as ElectriFI, the Electrification Financing Initiative, contribute to this effort by reinforcing existing national initiatives, in close cooperation between the EU, the national government and the EU Delegation.
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