Finance experts hail decision to liquidate Kenya Railways’ $123 million assets
The plan by the Ruto administration, it is feared, is a discreet plot to acquire state-owned assets a throw-away price. A similar scheme was witnessed during the aborted discharge of Kenya Airports Authority (KAA) land to Indian investor, Adani Group. During the controversy, civil servants in the governments and president Ruto political allies were called out, forcing the government hastily
Ministers: Kenya, Uganda and South Sudan are synchronising timelines for standard gauge railway construction
Uganda’s Minister for Transport Fred Byamukama observed that the three governments have agreed on a nine-week window for technical teams to validate the project’s business potential and align work plans.
Excitement upswings on Kenyan coast ahead tourism peak season after launch of urban commuter railway service
According to Transport Cabinet Secretary Davis Chirchir, the government has invested significantly in this last-mile connector to ensure that customers arriving at the SGR station are able to get seamless connections to the Island.
Uganda invests in large-scale mining in Busia district after discovery of gold valued at $12 trillion
The discovery of gold valued at approximately $12 trillion, positions Uganda as a potential major player in the global gold market. The deposits are primarily located in the Karamoja region, which has historically been underdeveloped.
Kenya and Uganda revisit urgency of standard gauge railway during trade talks
The MOU also include extension of the standard gauge railway to Malaba, removing quotas and duties on goods originating in the two countries such as poultry and poultry products, dairy and dairy products, sugar, juices, pishori rice and furniture.
