Sharp Daily
No Result
View All Result
Sunday, September 6, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya and Uganda Seek Financiers for Stalled Naivasha-Kampala Standard Gauge Railway Project

Joel Mugonyi by Joel Mugonyi
July 29, 2023
in News
Reading Time: 2 mins read
SGR

SGR. [Photo/ courtesy]

The Kenyan and Ugandan governments are actively seeking financiers for the Naivasha-Kisumu-Malaba-Kampala Standard Gauge Railway (SGR) project, which has faced delays due to a lack of funds.

Both countries are in agreement about the importance of working together to ensure the project’s maximum benefit for the region. A joint communique signed by Kenya’s Roads and Transport Cabinet Secretary Kipchumba Murkomen and his Ugandan counterpart Edward Katumba-Wamala emphasized the need to synchronize the construction of the SGR sections to make the project viable.

Read more: World Bank Recommends Replacing Diesel Trains on The SGR With Electrified Trains

In 2016, Kenya and Uganda signed a Bilateral Agreement to connect Mombasa and Kampala through the SGR. Kenya has already completed the Mombasa-Nairobi-Naivasha segment, serving both passengers and freight. However, the construction of the Naivasha-Kisumu-Malaba route is yet to commence.

RELATEDPOSTS

No Content Available

While contracts for the Naivasha-Malaba section have been signed on the Kenyan side, the agreement for the Malaba-Kampala SGR is expected to be signed soon.

Read more: List of Persons Who Signed The Infamous SGR Deal

The governments of Kenya and Uganda recognize the significance of addressing challenges that may hinder financing for the project, impacting the two countries’ ability to reach Rwanda, South Sudan, DR Congo, and Burundi efficiently.

Uganda plans to extend the SGR to the border with Rwanda, South Sudan, and DR Congo as soon as possible to enhance the project’s viability and attractiveness for financing along the Northern Corridor. Additionally, Uganda aims to apply for financing for the SGR Western Route (Kampala-Kasese-Mpondwe with a branch line from Bihanga-Mirama Hills) immediately after securing financing for the SGR Eastern route from Malaba to Kampala.

Read more: Kenya Building More Ships For Uganda Fuel To Expand Lake Victoria Trade

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Court of Appeal Lifts Suspension on Finance Act 2023 After Successful Application by Government Officials

Next Post

Nairobi Women’s Hospital Founder to Acquire Majority Shareholding after Approval from Competition Authority

Joel Mugonyi

Joel Mugonyi

Related Posts

Analysis

Kenya holds central bank rate at 8.75%

September 4, 2026
News

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026
News

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026
News

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026
News

When Weak Financial Controls Become an Investment Risk

September 4, 2026
News

Strategic Partnerships Can Create Value Beyond a Company’s Core Business

September 4, 2026

LATEST STORIES

Kenya holds central bank rate at 8.75%

September 4, 2026

How financial institution failures affect the wider economy

September 4, 2026

The Power of Compound Interest in Building Your Retirement Fund

September 4, 2026

Election Cycles and Investments in Kenya: Positioning Ahead of 2027

September 4, 2026

The Fed’s September Dilemma: Inflation, Oil and the Jobs Market

September 4, 2026

A Strong Brand Does Not Always Make a Strong Investment

September 4, 2026

When Weak Financial Controls Become an Investment Risk

September 4, 2026

Strategic Partnerships Can Create Value Beyond a Company’s Core Business

September 4, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024