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Uganda appoints Citibank to mobilize funding for its long-delayed SGR, signaling urgency in regional connectivity.

On 16 April 2026, Uganda’s Ministry of Finance announced—via an official statement on X, that the government had appointed Citibank to mobilize financing for its €2.7 billion Standard Gauge Railway (SGR) project.

The announcement followed meetings in Washington, D.C., where a Ugandan delegation, attending the IMF and World Bank Spring Meetings, held discussions with Citibank officials led by Managing Director Richard Hodder.

According to the ministry, Uganda is also in talks with the World Bank to explore financing options for the project.

The railway, expected to connect Kampala to Malaba (Kenya border), is critical for linking Uganda to the Port of Mombasa.

After failed attempts to secure Chinese financing, this move signals a shift toward diversified and strategic financing partnerships.

Source: Reuters (16 April 2026)

16. 04. 2026/ Urge- DeveWire

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