Episode Details

Uganda’s new railway gets a major financial boost as the Islamic Development Bank approves a €657 million loan—worth about 12.28 billion rand—to fund its vital standard gauge rail project. With a total cost of €2.7 billion (roughly 50.93 billion rand), this 272-kilometer line will link Uganda directly to Kenya’s rail network, unlocking access to the crucial Mombasa port and transforming trade for the landlocked nation. Construction began in 2024, led by Turkish firm Yapi Merkezi, and the project already has backing from the World Bank, African Development Bank, and Citibank. This latest funding marks a key milestone in Uganda’s push for improved logistics and economic connectivity.

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