Uganda has signed a $800 million financing agreement with the Islamic Development Bank (IsDB) to support a series of development projects aimed at enhancing trade and infrastructure across the country. According to Uganda’s Ministry of Finance, the funding will cover key sectors such as health, energy, and transport—including a major railway project intended to strengthen regional connectivity.

A central component of the agreement is the construction of a railway line that will link Uganda to neighbouring Kenya’s Standard Gauge Railway. This connection will provide the landlocked East African nation with access to the Indian Ocean port of Mombasa, facilitating smoother trade and logistics operations across borders.

The three-year financing deal was formalised during the Islamic Development Bank’s annual meeting held in Algiers. Uganda’s Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, signed on behalf of the government, while the bank’s Vice President, Rami Ahmed, represented the IsDB.

This strategic partnership aligns with Uganda’s commitment to improving regional integration, reducing trade barriers, and investing in sustainable development infrastructure.

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