Uganda seeks joint Exim Bank talks with Kenya on SGR funding
President Uhuru Kenyatta (right) welcomes his Ugandan counterpart Yoweri Museveni at State House on December 19, 2017. The two Heads of State agreed to fast-track the remaining sections of the standard gauge railway (SGR) by synchronising the financing.. PHOTO | SAMUEL MIRING'U | PSCU
Ugandan and Kenyan authorities are pushing for joint negotiations for the funding of the standard gauge railway, The EastAfrican has learnt.
Kampala, whose application to China’s Export and Import (EXIM) Bank is highly dependent on the treatment of Kenya’s application for funding of the different sections of the railway, has now asked Kenya for a joint mission to Beijing to meet officials of the bank to expedite the financial closure for the two countries’ multibillion-dollar projects.
