National Blueprint · One of 195
A nation of 51.4 million whose electricity is almost entirely renewable, that commissioned the 600 megawatt Karuma dam in 2024, and where nearly half of citizens are not yet connected.
Perfect Nations values what Uganda owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).
Uganda at a glance
What we do for Uganda
Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.
The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.
01Assets · The cup · Sovereign Assets
Each is owned today, earns today, and can carry Uganda toward seven basic standards of living for every citizen.
600 MWKaruma hydropower, commissioned September 2024
Financed 15% by the government and 85% by the Export-Import Bank of China.
100%Of electricity from renewables, 2023
Clean power, reaching 55.3% of citizens.
80.3%Of land in agriculture, 2024
Coffee, bananas and maize across four-fifths of the country.
7.5%Natural resource rents, share of GDP, 2021
Oil under development in the Albertine Rift, and minerals.
51.4mCitizens, 2025
One of the youngest populations on Earth. Remittances equal 4.5% of GDP.
02Capital · The laurels · Capital Architecture
Bonds, guarantees, swaps and loans that raise capital against what Uganda owns, every line sourced.
Capital ArchitectureThe record in figures
Capital already committed
Commissioned 26 September 2024 · Built by Sinohydro
Financed 15% by the Government of Uganda and 85% by the Export-Import Bank of China
A 600 MW hydropower plant in Kiryandongo District, built by Sinohydro, which the chair of the Karuma and Isimba Hydropower Project Steering Committee called “Africa’s largest underground hydropower plant” at its commissioning. It serves the energy standard.
Government of UgandaExport-Import Bank of China
SourceApproved, announced 18 June 2026 · IDA · First phase of the $1.6 billion RETRADE-EA programme · About 260 km of 400 kV double-circuit line
1,000 MW of transfer capacity between Uganda and Tanzania
A new high-voltage line from Wobulenzi to Masaka and Mutukula, on the border with Tanzania, that links Uganda to the regional grid so that surplus hydropower can be sold. The World Bank expects at least 452 gigawatt-hours a year to be traded between Uganda and Tanzania by 2031 (a projection). It serves the energy and livelihood standards.
World Bank
SourceApproved, announced 31 March 2026 · IDA · Program-for-Results · Six years
5.6 million people, among them 600,000 refugees
Results-based financing for climate-smart urban infrastructure in 10 cities, 26 municipalities and 13 refugee-hosting districts, succeeding the USMID programme that closed in 2024. At least 40,000 direct jobs are expected, 20,000 of them permanent. It serves the shelter and livelihood standards.
World Bank
SourceApproved 3 September 2025 · IDA · Borrowing approved by Parliament 29 October 2025
Public investment and asset management
Strengthens government efficiency, accountability and the sustainability of public investment and asset management. It serves all seven standards through better public investment.
World Bank
SourceApproved 4 June 2025 · IDA · Borrowing approved by Parliament 29 October 2025
Learning environments in target schools
Aims to improve learning environments in target schools. It serves the education standard, where 18.1% of children read a simple text by the end of primary school (World Bank, 2014).
World Bank
SourceApproved 4 June 2025 · IDA · Parliament approved borrowing of $180.5 million for it on 29 October 2025
Refugees and host communities
The second phase of the Development Response to Displacement Impacts Project, which seeks to expand economic opportunities for host communities and refugees. It serves the livelihood standard.
World Bank
SourceApproved 1 April 2025 · IDA · Five years · Borrowing approved by Parliament 29 October 2025
Over three million beneficiaries expected
The fourth Northern Uganda Social Action Fund, which strengthens adaptive social protection systems in sub-regions that include West Nile, Acholi, Lango, Teso and Karamoja. It serves the food and livelihood standards.
World Bank
SourceApproved 22 December 2022 · IDA credit $325 million and IDA grant $25 million · Investment Project Financing · Expected closing 31 December 2028
About 760,000 households, 3.9 million people, to benefit directly
Climate-smart agriculture for smallholder farmers in 69 districts, seven of them refugee-hosting, run by the Ministry of Agriculture, Animal Industry and Fisheries over six years. It serves the food and livelihood standards.
World Bank
SourceApproved 17 June 2022 · IDA grant, SDR 161.5 million · Investment Project Financing · Expected closing 31 December 2027
Women’s businesses, including refugees and women in host communities
Finance and business support for women entrepreneurs, including refugees and women entrepreneurs from host communities. It serves the livelihood standard.
World Bank
SourceApproved 31 May 2022 · IDA credit $518 million and IDA grant $48 million · Program-for-Results · Closing 31 December 2027 · Borrowing approved by Parliament 23 August 2023
With $571.31 million of counterpart funding, a $1.14 billion programme
Results-based financing for roads, infrastructure and services in Kampala and eight surrounding local governments, through the Ministry for Kampala Capital City and Metropolitan Affairs. It serves the shelter and livelihood standards.
World Bank
SourceApproved 31 March 2022 · IDA credit $331.5 million and IDA grant $236.5 million · Expected closing 30 June 2027
Plus $30 million from the Clean Technology Fund and $10 million from ESMAP; total financing $638 million
IDA financing for last-mile grid connections, with 1,073,500 connections in the indicative investment plan. It serves the energy standard.
World Bank
SourceApproved 28 June 2021 · SDR 722 million, 200 percent of quota · Fifth review completed 6 March 2024 · “the expiration of the 2021–24 Extended Credit Facility arrangement” (IMF, July 2026)
About $870 million (SDR 631.75 million) disbursed by March 2024
IMF lending of about $1 billion under the 2021–24 arrangement, of which about $870 million was disbursed by March 2024. Since the arrangement expired, the IMF Executive Board has concluded a Post-Financing Assessment, on 12 January 2026, and the 2026 Article IV consultation, in July 2026.
International Monetary Fund
SourceApproved 23 July 2020 · IDA credit $90 million and IDA grant $60 million
Lower secondary schooling for underserved areas
Enhances access to lower secondary education, focusing on underserved populations in targeted areas. It serves the education standard.
World Bank
SourceApproved 18 June 2020 · IDA credit, SDR 122.9 million · Investment Project Financing · Expected closing at appraisal 30 April 2026
63,200 farmers as primary beneficiaries
Gives farmers in the project areas access to irrigation and other agricultural services. It serves the food and livelihood standards.
World Bank
SourceApproved 14 June 2018 · IDA credit $251 million and IDA grant $29 million at approval · Revised closing date of 31 January 2026 proposed in a 2024 restructuring paper
Total commitment in the World Bank Group’s 2026 portfolio snapshot; $280 million at approval, with $25 million of parallel KfW financing
Water supply and sanitation services, integrated water resources management and the operational performance of service providers, including new coverage for refugees and host communities. It serves the water and shelter standards.
World Bank
SourceApproved, announced 18 June 2026 · AfDB loan €141.15 million and ADF loan €14.84 million · Total cost €157.76 million
A 3.5-kilometre runway able to take a Boeing 777
African Development Bank Group financing to upgrade Arua Airport, with a 3.5-kilometre paved runway, a passenger terminal for 700,000 travellers a year and a cargo terminal for 25,000 tonnes a year. It serves the livelihood standard through regional trade and tourism.
African Development BankAfrican Development Fund
SourceApproved June 2026 by the 367th meeting of the IsDB Board of Executive Directors, Baku · Release of 16 June 2026 · Financial close targeted by the Government for November 2026
The largest amount the IsDB Board has approved for a single project in Uganda, according to the Ministry of Finance
Islamic Development Bank financing to build the Malaba–Kampala standard gauge railway, including, according to the Ministry of Finance, the 553-metre Jinja Nile Bridge, the 2.12-kilometre Mbuya–Kampala tunnel, six stations and three workshops. The IsDB expects lower transport costs and travel times and about 3,000 jobs; it serves the livelihood and food standards.
Islamic Development Bank
SourceApproved, announced 12 June 2026 · African Development Fund loan · Total cost $207 million, with the OPEC Fund, the Government of Uganda and others
More than 4,000 hectares at first, with potential to reach 13,000
An African Development Fund loan for water-transfer infrastructure and irrigation networks, expected to create more than 13,000 direct jobs and reach more than 121,000 households directly, and about 21,000 schoolchildren through school feeding. It serves the food, water and livelihood standards.
African Development BankAfrican Development FundOPEC Fund for International Development
SourceApproved 7 April 2026 · €7.33 million additional financing for Phase I · Phase II AfDB loan €86.58 million, with a €12.93 million loan and a €1.72 million grant from the Climate Investment Funds · Phase II total cost €104.39 million
259,723 new grid and mini-grid connections over six years in Phase II
Phase II builds about 624 km of medium-voltage and 2,154 km of low-voltage lines to give first-time electricity to nearly 1.18 million people, including more than 250,000 households and 3,000 businesses; the Phase I top-up completes compensation and outstanding works. It serves the energy standard.
African Development BankClimate Investment Funds
SourceApproved, announced 6 November 2025 · ADB loan €188.18 million, ADF loan €28.31 million and a $1 million NEPAD-IPPF grant · Government of Uganda €30.98 million
Uganda section now costed at €424.61 million, from €176.26 million
Completes the 27.3-kilometre Busega–Mpigi expressway on the Northern Corridor from Kampala to Kigali, with interchanges, seven new bridges, toll plazas and 54 km of lined drainage. It serves the livelihood standard.
African Development BankAfrican Development Fund
SourceApproved, announced 7 May 2025 · Mainly from the African Development Fund’s Climate Action Window, 64% of the cost · Co-funded by the UK FCDO and the Government of Uganda
About 77,000 electric cooking devices and 47 biogas plants
Builds 47 biogas plants for schools, markets and farming communities and provides about 77,000 affordable electric cooking devices in major urban centres, with standards, repair services and distribution for the appliances. It reaches clean cooking, which sets Uganda’s Coverage: 2% of Ugandans cook with clean fuels and technology.
African Development BankAfrican Development FundUK Foreign, Commonwealth and Development Office
SourceApproved 13 December 2024 by the ADF Board · ADF loan to Uganda · 299 km, 150 km of it in Uganda · Total cost $260 million
Part of $153.66 million from the ADF, with a $32.5 million grant to South Sudan
An electricity interconnection from Gumbo, near Juba, to Olwiyo, with new 400/132/33 kV substations at Gumbo and at Biba on the border, and upgrades at the Karuma and Olwiyo substations. It links the grids of Uganda and South Sudan and serves the energy and livelihood standards.
African Development Fund
SourceSigned, announced 8 September 2026 · Implements the bilateral health MOU of 10 December 2025 · 2026 to 2030 · The United States intends to channel the support through government systems as budget support
About Shs 6.42 trillion; under the MOU, Uganda pledges to raise its own health spending by $577 million
United States support of approximately $1.7 billion for the prevention, detection and response to emerging and existing infectious disease threats, in a shift from mostly off-budget assistance to government-to-government financing. The MOU’s priorities are outbreak response, reducing the burden of disease, strengthening frontline workers and data digitisation for accountability; it serves the health standard.
United States GovernmentGovernment of Uganda
SourceGrant agreement signed 25 March 2025, Kampala · Japanese grant aid · 60 months, including detailed design and bidding · Executing agency: Ministry of Works and Transport
JPY 4,939 million
A JICA grant to rebuild the Karuma Bridge and its approach road on the main road between Kiryandongo and Nwoya districts, improving traffic flow and road safety on the northern corridor. It serves the livelihood standard.
JICA
SourceApproved 15 May 2025 · Signed 31 July 2025 in two tranches of €25 million and €75 million · Credit facility for on-lending
€80 million for agricultural projects and €20 million for women borrowers
A European Investment Bank credit facility to Stanbic Bank Uganda for on-lending to micro, small and medium-sized enterprises and mid-caps, focused on sustainable agriculture, food security and women’s economic empowerment, jointly with the Gates Foundation. It serves the food and livelihood standards.
European Investment BankStanbic Bank Uganda
Source
Daniel OkelloNation Steward of Uganda · SI Researcher
Independent firms and social enterprises already at work in Uganda, highlighted by Perfect Nations. None is a partner of Perfect Nations.
Established in Uganda in 2009, it makes UHT and powder milks, flavoured milks, yoghurts, butter and honey. In 2023 IFC approved up to $8.75 million, a concessional subordinated loan under the GAFSP Private Sector Window, alongside a loan package of up to $35 million from IFC and FMO, for capacity expansion that includes its powder milk plant in Uganda.
IFC, 2023Has worked in Uganda since 2007 and serves nearly 1.1 million people through community-based piped water systems, emergency water treatment, latrines, handwashing stations and school washrooms. It works with UNHCR in refugee settlements, in the West Nile (Yumbe, Terego, Madi Okolo) and in the East Nile (Luuka, Buyende).
Water MissionA partner of AFD since 2011, it rolls out housing microfinance through its 19 branches across Uganda. In 2020 it signed a €10 million AFD line of credit to deploy its housing microfinance and affordable housing offer to low- and middle-income households who do not have access to an adequate financial offer.
AFD, 2020Sells solar home systems in Uganda under pay-as-you-go contracts. In 2020 the EIB lent it $12.5 million to roll out 240,000 solar home systems, so that over a million people across Uganda could have electricity for the first time.
EIB, 2020Launched its flagship in-school model, the Educate! Experience, in Uganda in 2009. It gives secondary students leadership, entrepreneurship and workforce readiness training, with mentorship, to start real businesses at school.
Educate!Began its community health programme in Uganda in 2007 and supports over 2,400 community health workers, known locally as Village Health Teams, reaching 1.4 million Ugandans with essential health care. The Ministry of Health chose it to lead the digital eCHIS rollout in six districts, completed in late 2023.
Living GoodsLends to micro-enterprises under a €50 million EIB Global credit line, part of a €100 million programme signed in 2024. In the first year more than 24,000 micro-enterprises received financing, over 60% of the beneficiaries were women and 75% of the projects were in rural areas.
EIB, 202603Solutions · The seven stars · Perfect Capita
Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Uganda in its own prices.
How Perfect Capita worksTap a star for its figure and source.
The price of Perfect Uganda
To be set with Uganda, from its own figures and in its own prices: Perfect Capita times the people of Uganda, each year.
Perfect Nations estimate, to be confirmed with Uganda. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures
Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.
Solution No. 34
Clean power from the Nile comes with a clean kitchen, financed by carbon credits.
~50mUgandans who cook without clean fuel
The Nile begins its journey to the Mediterranean in your country, and you have harnessed it. … The river is harnessed. The power has yet to reach nearly half of you.
“The Nile already lights your grid. Let it light every home and clinic along its banks.”
Work with us · The ReDesign Studio
One mission, three depths: the same four moves for Uganda, taken as far toward market as you choose.
For the Government of Uganda, its development partners and investors. Scope and fees are agreed in writing before any work begins.
Mandate 013 hours
A private session for the people who decide.
You leave withThe gap, named and sized
Mandate 023 days
Your team and ours, working the blueprint together.
You leave withThe structure, drawn
Mandate 03End to end
Led personally by the President and CEO.
You leave withA structure ready for market
Where Ugandans and Co-designers design the nation they want to live in.
Writings
Up to 1,500 words on your vision of Perfect Uganda, published with your name.
Submit your writingVoices of Perfect Nations Launching soon
Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Uganda already own, and how could it pay for a decent life for every citizen?”
Co-designers
Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Uganda.
Become a Co-designerThe Uganda ReDesign Studio is open
Share your vision, suggest a guest, or write to us: every message receives a personal reply.
