Battle: Dar es Salaam vs Nairobi

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Article imedanganya hakuna heading kama hiyo Reuters habari yenye ni hii hapa na haijaongelea kuhusu Kenya Wala uganda
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Uganda appoints Citibank to mobilise funds for 2.7 billion euro railway project
By Elias Biryabarema
April 16, 20269:05 AM GMT+3Updated 8 hours ago



The Citibank logo is displayed at a branch in New York
The Citibank logo is displayed at a branch in New York City, U.S., July 16, 2025. REUTERS/Kylie Cooper Purchase Licensing Rights, opens new tab
KAMPALA, April 16 (Reuters) - Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion ‌euro ($3.19 billion) Standard Gauge Railway (SGR) project.
In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in talks with the World Bank to support the project."
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
Earlier this month the Washington-based global ⁠lender confirmed to Reuters it was considering "an array of potential financing options" for the project.
A Ugandan delegation in Washington for the IMF and World Bank Spring Meetings met officials from Citibank led by Richard Hodder, the managing director and global head export and agency finance "to discuss progress made in mobilising the required ‌financing ⁠for the SGR project," the post said.
After a prolonged delay caused by unfruitful efforts to secure financing from Beijing, Uganda in 2024 handed the SGR project to Turkish construction firm Yapi Merkezi.
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Initial ⁠preparatory works have begun with some financing from the government but full-scale construction has yet to begin, pending availability of funding.
The ⁠272-kilometre (169 mile) rail line will run from the capital Kampala to Malaba at the border with Kenya, ⁠connecting landlocked Uganda to its neighbour's rail network and onto the Indian Ocean seaport of Mombasa.
($1 = 0.8470 euros)
Reporting by Elias Biryabarema; Editng by Ronojoy Mazumdar

Our Standards: The Thomson
 
Article imedanganya hakuna heading kama hiyo Reuters habari yenye ni hii hapa na haijaongelea kuhusu Kenya Wala uganda
Learn more aboutRefinitiv
My News


Uganda appoints Citibank to mobilise funds for 2.7 billion euro railway project
By Elias Biryabarema
April 16, 20269:05 AM GMT+3Updated 8 hours ago



The Citibank logo is displayed at a branch in New York
The Citibank logo is displayed at a branch in New York City, U.S., July 16, 2025. REUTERS/Kylie Cooper Purchase Licensing Rights, opens new tab
KAMPALA, April 16 (Reuters) - Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion ‌euro ($3.19 billion) Standard Gauge Railway (SGR) project.
In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in talks with the World Bank to support the project."
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
Earlier this month the Washington-based global ⁠lender confirmed to Reuters it was considering "an array of potential financing options" for the project.
A Ugandan delegation in Washington for the IMF and World Bank Spring Meetings met officials from Citibank led by Richard Hodder, the managing director and global head export and agency finance "to discuss progress made in mobilising the required ‌financing ⁠for the SGR project," the post said.
After a prolonged delay caused by unfruitful efforts to secure financing from Beijing, Uganda in 2024 handed the SGR project to Turkish construction firm Yapi Merkezi.
Advertisement · Scroll to continue
Initial ⁠preparatory works have begun with some financing from the government but full-scale construction has yet to begin, pending availability of funding.
The ⁠272-kilometre (169 mile) rail line will run from the capital Kampala to Malaba at the border with Kenya, ⁠connecting landlocked Uganda to its neighbour's rail network and onto the Indian Ocean seaport of Mombasa.
($1 = 0.8470 euros)
Reporting by Elias Biryabarema; Editng by Ronojoy Mazumdar

Our Standards: The Thomson
Yule fala ana report za world bank za 2022 anatembea nazo mpaka leo Teargass nad ata za GDP tunamfundisha what GDP means ila kakomaa na screenshot zake

eti Teargass ebu tuone hio article ya SGR kwenda kenya
 
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