The move could heighten concerns about the East African country's growing debt pile which the International Monetary Fund has warned would likely surpass 50% of gross domestic product in 2021/2022. Uganda's financial year starts in July.

The Finance Ministry said in documents posted on parliament's website that the government planned to borrow the money from a local unit of South Africa's Standard Bank and regional Trade Development Bank.

($1 = 0.9073 euros)

(Reporting by Elias Biryabarema; Editing by George Obulutsa and Edmund Blair)