NYAGAK POWER PROJECT

German bank Kfw has withhold its funds for the construction of uganda’s nyagak power project due to incomplete financial closure from project developers. The fund which is for the construction of the nyagak power project has been hold due to delay by the project developers. The money is in the hands of Kreditanstalt für Wiederaufbau (KfW), a german development bank. The project developers are support to raise debt finance to build the Shs70 billion-project. KfW has set…