Uganda's Railways Leap Forward with AfDB's $650 Million Boost
Published on: May 29, 2026, 9:09 p.m. | Source: Devdiscourse
The African Development Bank plans to partially finance Uganda's Standard Gauge Railway with a commitment of $650 million. Awarded to Turkey's Yapi Merkezi, the project aims to enhance Uganda's trade efficiency by improving its main export-import route through Kenya. Uganda is also considering a sovereign sukuk bond for additional funding.
