Tag: Standard Gauge Railway
Over the past week we've seen stories coming out of Kenya such as the beginning of operations for the second phase of the Standard Gauge Railway despite viability and funding concerns – President Uhuru Kenyatta rejecting a bill to retain interest rate caps and the country setting up warehouses around the region to drive exports. For more context on these headlines, Analyst and SME Consultant, Victor Otieno joins CNBC Africa.
Back in 2013 the idea of the high-speed Standard Gauge Railway was born. The promising concept of a 1,500km long railway connecting Mombasa, to Kampala and Kigali with additional branch routes, was inspired, and the intention was to lower transport costs, further facilitate cross border trade and increase the region's competitiveness. But now, six years later, as we focus on what would be the biggest bloc in Africa, the AfCFTA, it's hard to ignore that this ambitious project has unfortunately stalled. Victor Otieno, Analyst and SME Consultant joins CNBC Africa for more.
Rwanda recently hosted the Ministerial Meeting on Northern Corridor Integration projects with focus on the Standard Gauge Railway. With various challenges chiefly financial, the region is having difficulty meeting forecast completion dates of the 1,500km-long railway from Mombasa to Kigali. For more CNBC Africa’s Steven Muvunyi filed this report.