Uganda: AfDB Pledges to Fund SGR, Allocates Initials Shs2.4 Trillion

Uganda: AfDB Pledges to Fund SGR, Allocates Initials Shs2.4 Trillion

[Independent (Kampala)] Kampala, Uganda -- The Vice President of the African Development Bank Dr. Abdul Kamara has reaffirmed the commitment by the bank to fund the Standard Gauge Railway project in Uganda.

AfDB Agrees To Lend Uganda UGX2.4 Trillion For Malaba-Kampala SGR Construction » Business Focus

AfDB and Ministry of Finance officials after agreeing on the deal The Ministry of Finance has revealed that the African Development Bank has agreed to lend Uganda, US$650Million (UGX2.452Trn) out of the required Euro2.7Bn (UGX11.864Trn), to finance the 326km Standard Guage Railway project. This followed a commitment given by Dr. Abdul Kamara, Vice President of the African Development Bank, who reaffirmed African Development Bank’s commitment to …

‎AfDB pledges to fund SGR, allocates initials Shs2.4 trillion

President Museveni is shown an artistic impression Malaba Kampala SGR railway line during the laying of the foundation in Tororo. FILE PPU Photo ‎Kampala, Uganda | URN | The Vice President of the African Development Bank Dr. Abdul Kamara has reaffirmed the commitment by the bank to fund the Standard Guage Railway project in Uganda. Kamara, also the head  of Regional Development, Integration and Business Delivery said funds will be availed to fin…