Museveni, World Bank discuss funding for Standard Gauge Railway

KAMPALA, Uganda — President Yoweri Museveni met with a World Bank delegation at State Lodge, Nakasero, on Tuesday to discuss development priorities, including new financial support for the country’s Standard Gauge Railway.

The delegation was led by Qimiao Fan, the World Bank division director for Kenya, Rwanda, Somalia and Uganda. During the meeting, Fan pledged the bank’s financial commitment to the railway project and other infrastructure initiatives.

Museveni said the railway is essential for reducing transportation costs and improving regional connectivity. He noted that his administration intends for the railway and water transport to handle heavy cargo, while pipelines transport petroleum and roads serve passengers and light freight.

These are the funds I want, Museveni said. I want funds for capacity building and to give the basics for production at lower costs.

The president also highlighted affordable electricity and low-cost financing as critical drivers for economic growth.

In addition to infrastructure, the World Bank proposed support for agricultural industrialization and agro-processing. Museveni welcomed the move, pointing out that previous agricultural education focused on raw materials rather than value addition.

Fan affirmed the bank’s commitment to supporting investments in energy and transport. He also said the organization would provide training for agribusiness to enhance skills and productivity in the sector.

The meeting was attended by Finance Minister Matia Kasaija, Attorney General Kiryowa Kiwanuka and Finance Ministry Permanent Secretary Ramathan Ggoobi.