Uganda Seeks €405m from Tanzanian Investors for SGR Project

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Finance Trade

Reported Facts

Observable data points shared across all narratives

•The Sukuk bond is valued at €405 million and targets Tanzanian investors specifically.
•Funds raised will be allocated to Uganda's Standard Gauge Railway project.
•The initiative aims to strengthen regional connectivity between Uganda and its neighbors.
•The bond issuance represents a growing adoption of Islamic finance instruments in East Africa.

What Could Happen If...

▸If Tanzanian investors fully subscribe to the €405 million Sukuk bond Uganda will secure critical funding to advance the SGR project, enhancing regional transport infrastructure and trade opportunities.

Key Actors

Countries

🌍Tanzania 🌍Uganda

Instruments

📈Sukuk bond

Source Coverage

AFRICA

2 articles

More coverage on this story

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Signals

Single-block coverage

Primary Sources (2)

AFRICAThe Citizen (Tanzania)Uganda courts Tanzanian investors in €405 million Sukuk bond for SGR financing AFRICAThe Citizen (Tanzania)Uganda courts Tanzanian investors in €405m Sukuk bond for SGR financing

Uganda is actively seeking Tanzanian investors to subscribe to a €405 million Sukuk bond intended to finance the Standard Gauge Railway (SGR) project. This funding effort is crucial for advancing Uganda's infrastructure and improving transport links within East Africa, potentially boosting trade and economic integration. The use of Sukuk bonds also reflects the expanding role of Islamic finance in the region's development projects.