Uganda plans to invest $205 million to upgrade an old railway line linking its capital Kampala to Malaba, a town at the border with Kenya. This was revealed by The East African citing one of the national railway company’s executives.
According to Uganda Railways Corporation’s chief financial officer Stanley Sendegeya, the upgraded meter gauge railway line is expected to boost monthly freight capacity to 120,000 metric tonnes from the current 20,000 tonnes by 2026.
This decision is reached amid uncertainties of whether Uganda’s joint plan with Kenya and Rwanda, conceived six years ago, to build a standard gauge railway (SGR) that connects East Africa’s landlocked nations to the Kenyan port of Mombasa, will come to fruition.
Recently, this joint project has been experiencing major financial difficulties. In May 2019, Kenyan president Uhuru Kenyatta was refused new funding of $3.6 billion that should normally be used to extend the Kenyan portion of this project Naivasha, Kisumu to Uganda.
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Government allocates about $37.8m to help the SABC repay part of its debt to Sentech and prevent risks to national broadcasting signals. Funding...
Agreement signed March 2 during Belarus minister’s Lomé visit Deal aims to expand cooperation in industry and agriculture Togo and Belarus have...
Ghana aims to raise international reserves to 15 months of import cover by 2028 under the Ghana Accelerated National Reserve Accumulation Policy...
Dangote Cement signed a $1 billion agreement with Sinoma Engineering covering 12 projects in seven African countries. The projects support...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...