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Uganda, Kenya seek funds in joint bid to take SGR to DRC

 Uganda and Kenya are seeking at least $6 billion from multiple lenders to jumpstart construction of the joint standard gauge railway (SGR) project, which stalled after the pull-out of the initial financier, China.

 

According to the people in the know, the UAE is being considered as a suitable candidate, as it has also offered to improve the port, the main gateway of goods destined for the Great Lakes region.

The EastAfrican has learnt that the UAE has dangled an offer to construct the line to Malaba as long as it is also allowed significant stake in the Port of Mombasa to operate.

www.theeastafrican.co.ke/tea/business/uganda-kenya-seek-funds-in-joint-bid-to-take-sgr-to-drc-4327038

Tags:Uganda, Kenya seek funds in joint bid to take SGR to DRC
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Champara
Kampala
Uganda

 This is a good plan, but Kenya should control its own ports. Dont sell your ports to foreigners.

Reply    Favorite    Flag as Abusive    Posted at: 8/5/2023 9:09:40 PM
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Champara
Kampala
Uganda

 Would be amazing if both Kenya and Tanzania actually build their railways to DRC Congo and open up transport and business and travel connections with DRC.

Reply    Favorite    Flag as Abusive    Posted at: 8/5/2023 9:13:00 PM
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