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

The Islamic Development Bank (IsDB) Executive Board has approved EUR 650.75 million (approximately Shs 2.6 trillion) in financing for Uganda’s Standard Gauge Railway (SGR) project. This marks the largest single-project funding ever approved by the bank for Uganda. The historic milestone was reached on the sidelines of the 51st IsDB Group Board of Governors’ Annual Meetings, held in Baku, Azerbaijan, from June 16 to 19, 2026, under the theme, “Regional Integration for Sustainable Prosperity.” Read More

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