EU Pledges €7.2M for Uganda Green Fund

Published: 25 Sep, 2025 07:54 Sources: S1 S2 Category: Business Language: English Country: Uganda

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The European Union pledged €7.2 million (Shs29 billion) for the second phase of the Uganda Green Enterprise Finance Accelerator (UGEFA). The program supports entrepreneurs creating eco-friendly solutions, from recycling plastics into construction materials to expanding off-grid solar and restoring degraded land through tree planting. The funding aims to strengthen Uganda’s green economy by improving access to finance and promoting sustainable, environmentally responsible innovation.