Uganda plans to borrow $608 million to develop infrastructure

Uganda plans to borrow $608 million from lenders such to finance infrastructure development, a parliament document showed on Tuesday. Uganda plans to borrow $608 million from lenders such to finance infrastructure development, a parliament document showed on Tuesday. Of the total credit, Uganda plans to source $448 million from an Asian development lender, according to the document seen by Reuters. The government plans to request lawmakers to approve the credit lines , it showed, but did not give details of specific projects to be financed. Total public debt in the prospective crude oil producer rose to $32.3 billion in the twelve months to June, up 26.2% from the previous period, finance ministry data shows.