Uganda has put pressure on Kenya to connect Malaba to the standard gauge railway (SGR) after it issued a Sh62 billion (€405 million) bond to kick-start the construction of a new line on its side of the border.
Uganda has issued a shariah-compliant Sukuk bond, in two segments, with Sh32 billion (€205 million) being raised from the country and its neighbours, including Kenya, while Sh30 billion (€200 million) will target international investors.
