Uganda says Islamic Development Bank approves R12.28bn loan (opens original article in a new tab)

Islamic Development Bank approved a €650.7m loan to Uganda for its standard gauge railway project, which is part of a larger €2.7bn initiative to connect the country to Kenya's rail network.

• Islamic Development Bank approved €650.7m loan to Uganda for standard gauge railway project
• Uganda's railway project total cost is €2.7bn with funding from multiple lenders including World Bank and African Development Bank
• Railway construction started in 2024 by Turkish company Yapi Merkezi