Ggoobi Meets President of BADEA

Ggoobi Meets President of BADEA

Ggoobi Meets President of BADEA

Stories / June 29, 2026

 On the sidelines of the recently concluded 2026 Annual Meetings of the Islamic Development Bank in Baku, Azerbaijan, the Permanent Secretary and Secretary to the Treasury (PSST) Dr. Ramathan Ggoobi met the President of the Arab Bank for Economic Development in Africa (BADEA),H.E Abdullah Khalil AlMusaibeeh.

 
Ggoobi thanked BADEA for the support extended to Uganda especially in the health sector. The Bank is financing the construction and equipping of the Uganda Heart Institute in Naguru in partnership with OPEC Fund for International Development and Saudi Fund for Development.

PSST


BADEA is also financing the refurbishment and equipping Bugiri General hospital. Dr. Ggoobi thanked the Bank for the continued support to the Uganda Development Bank. They have so far financed seven lines of credit both directly to Uganda Development Bank (UDB) and through Government. Currently BADEA is financing UDB with two lines of credit through Government worth USD 50 million and USD 100 million from the Public and Private windows of the Bank respectively.
The President of the BADEA thanked Uganda for the continued cooperation and pledged further support to Uganda’s development agenda.
 

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