Uganda: Abi Trust, Housing Finance, Sign Road Deal

[Observer]Housing Finance bank (HFB) yesterday signed a construction guarantee fund agreement with Agribusiness Initiative (aBi) Trust - intended to finance road construction and maintenance in the country. The fund worth £2m (Shs 7.9bn) was provided through Crossroads, a programme funded by the UK government and the European Union - running up to 2015. ABi Trust will manage it although the contractors will access the funds through HFB.