Uganda's SGR Gets Green Light with Largest-Ever Shs2.6 Trillion Islamic Development Bank Financing Package

Uganda's SGR gets green light with largest-ever Shs2.6 trillion Islamic Development Bank financing package

By the end of May 2026, Uganda and the IsDB maintained eight active public operations (loans and grants) valued at USD 896.55 million, heavily dominated by the Integrated Transport Infrastructure...

IsDB Approves Record €650.75 Million Financing for Uganda’s Standard Gauge Railway

By Watchdog Uganda Reporter KAMPALA, Uganda | June 20, 2026 The Islamic Development Bank (IsDB) has approved a landmark financing package worth €650.75 million (approximately Shs2.6 trillion) for Uganda’s flagship Standard Gauge Railway (SGR) project, marking the largest single-project financing commitment the Bank has ever extended to the country. The funding was approved during the 51st IsDB Group Board of Governors’ Annual Meetings, held in B…

Uganda Secures Record EUR 650.75M IsDB Financing for Standard Gauge Railway

Uganda secures its largest-ever IsDB loan — EUR 650.75 million — to fund the Standard Gauge Railway, including the Jinja Nile Bridge and Kampala tunnel. The Islamic Development Bank’s (IsDB) Executive Board has approved financing worth EUR 650.75 million for Uganda’s Standard Gauge Railway project, marking the largest single-project amount the Board has ever sanctioned for the country, according to Uganda’s Ministry of Finance, Planning and Econ…