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African Development Bank Allocates $650 Million for Uganda Railroad

June 05, 2026 at 11:46 AM1 min read

AI Summary

Uganda has tentatively allocated about $650 million to partly fund the construction of a railway connecting Kampala to Malaba at the Kenyan border.

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Uganda said the African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway linking the capital, Kampala, to Malaba at the Kenyan border. [Source: Bloomberg, 31 May 2026]

Analysis

The allocation of $650 million to Uganda's railway project is a significant step towards the ambitious goal of connecting Kampala to Malaba. The commitment to this project underscores Uganda's ambition to diversify its economy and improve connectivity within the region.

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The African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway between Kampala and Malaba.

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Uganda said the African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway linking the capital, Kampala, to Malaba at the Kenyan border.

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African Development Bank Allocates $650 Million for Uganda Railroad

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