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OPEC Fund appraises €150mn loan for Uganda railway

Published by Uganda Business News By Uganda Business News · 19 October 2026 at 17:19
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OPEC Fund appraises €150mn loan for Uganda railway
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What the report says

The OPEC Fund for International Development is appraising a €150mn (Shs696.6bn) loan for Uganda’s Standard Gauge Railway as the government seeks to conclude financing for the €2.7bn project by January 2027. A team from the Vienna-based lender arrived in Uganda over the weekend and plans to tour the Malaba–Kampala corridor this week, according to a statement issued by the railway’s project office on Monday. The fund i

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