In Uganda, ICIEC has contributed to the construction of the Akii Bua Olympic Stadium, a multi-purpose sports facility located in Lira City.

The transaction is backed by ICIEC’s STP–Contract Frustration policy, effective 1 January 2026, with a tenor of 1.5 years. SAMCO-Egypt acts as the policyholder. The project benefits from an insurance coverage of USD 65 million, with a risk coverage of 90%.

The Akii Bua Stadium is under construction in Lira, within the Lango sub-region, and is intended to be used for the first time during the 2027 Africa Cup of Nations, which will be jointly hosted by Kenya, Tanzania, and Uganda. The stadium is one of three stadia that Uganda plans to use during the tournament.

The facility will be located on approximately 18.455 hectares of land in the city center, at the site referred to as the John Akii Bua Playground. It is named after John Akii-Bua, who won a gold medal at the 1972 Summer Olympics.

ICIEC plays a strategic role in facilitating the financing and construction of the stadium, supporting the development of essential sports infrastructure in Uganda.

The project is expected to host matches during the 2027 Africa Cup of Nations and create a valuable facility for residents of Lira City. Beyond its role in sports, the project contributes to broader socioeconomic development by enhancing community infrastructure and supporting economic activity linked to large-scale events.

The project aligns with the United Nations Sustainable Development Goals, including SDG 9 (Industry, Innovation and Infrastructure) through the development of modern sports infrastructure and SDG 8 (Decent Work and Economic Growth) by supporting economic opportunities associated with construction, event hosting, and local business activity.