Wednesday, July 30, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Uganda wins UGX 7 trillion rail case in London

by Musa Mbogo | Reporter
28/07/2025
in Business, News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Landmark victory: Uganda avoids paying $1.9 billion in a London arbitration, as tribunal rejects all claims by Rift Valley Railways investors over rail concession.
Landmark victory: Uganda avoids paying $1.9 billion in a London arbitration, as tribunal rejects all claims by Rift Valley Railways investors over rail concession.

KAMPALA, Uganda — Uganda has secured a landmark victory in a protracted arbitration dispute in London, saving the East African nation more than 7 trillion shillings (approximately $1.9 billion USD). The ruling by a London-based international arbitration tribunal dismissed claims brought by investors of Rift Valley Railways (RVR) who had sought about $2.3 billion (roughly 8.2 trillion shillings) in compensation from both Kenya and Uganda.

The final award, issued July 22, clears Uganda of wrongdoing in the arbitration initiated by RVR Investments (Pty) Ltd and KU Railways Holdings Limited, two companies associated with the former railway concessionaire. The dispute began in April 2020 under the UNCITRAL Arbitration Rules, with the tribunal seated in London.

Related posts

Airtel Africa's CEO highlights data and mobile money as key drivers behind strong revenue growth across East Africa in the latest quarter.

Data, Mobile Money Drive Airtel’s Q1 Earnings in East Africa

29/07/2025
165
The Commissioner General of the Uganda Revenue Authority (URA), John Rujoki Musinguzi, at a recent press conference

URA Exceeds Revenue Target, Emphasizes Broadening Tax Base

29/07/2025
165
Ugandan parliamentary report exposes glaring irregularities in a controversial traffic monitoring system contract with a Russian firm, warning of motorist exploitation.

Govt to Consult Public on Suspended Traffic Fine Scheme

29/07/2025
191
Uganda's President Museveni, nominated for 2026, outlines a six-point agenda for his next term, prioritizing economic transformation, security, and infrastructure

290 Candidates Enter Race for NRM’s Top Organ, CEC

29/07/2025
176

At the heart of RVR’s claim were allegations that the Ugandan and Kenyan governments failed to harmonize operational standards across the railway network, that the development of the Standard Gauge Railway (SGR) negatively impacted their operations, and that there was a hidden intention to retire the Meter Gauge Railway (MGR) despite encouraging continued investment.

After extensive hearings in March 2024 and a comprehensive review of the evidence presented by all parties, the three-member tribunal rejected all claims against Uganda. It specifically found that Uganda had not breached its harmonization obligations, and that the termination of the Uganda Concession Agreement was for a multitude of independent reasons stemming from RVR’s own shortcomings.

In a significant win for Uganda, the tribunal ordered RVR to pay Uganda 3,668,519.25 British Pounds (approximately $4.7 million USD) in legal costs and an additional 200,369.11 British Pounds (approximately $256,000 USD) in arbitration costs. This amounts to roughly 14.1 billion shillings that RVR must pay to the Ugandan government.

The Ministry of Justice and Constitutional Affairs welcomed the tribunal’s decision. Officials emphasized that the award underscores Uganda’s consistent position that the termination of the concession was lawful, justified, and essential to protect a critical national infrastructure asset. They reaffirmed Uganda’s commitment to fair and transparent investment partnerships, highlighting the importance of responsible stewardship of public assets.

Uganda was represented in the arbitration by the Attorney General’s Chambers, alongside the international law firm Curtis, Mallet-Prevost, Colt & Mosle LLP, and local counsel K&K Advocates.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: arbitrationdisputeeconomyinfrastructureInvestmentjudgmentlegalLondonRailwayRift Valley RailwaysRVRShs7 trillionUganda

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
377

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
696
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
2.3k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
562
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4438 shares
    Share 1775 Tweet 1110
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    4383 shares
    Share 1753 Tweet 1096
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2678 shares
    Share 1071 Tweet 670
  • FULL LIST: Winners and Losers in the NRM Primaries

    2588 shares
    Share 1035 Tweet 647
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3324 shares
    Share 1349 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1788 shares
    Share 715 Tweet 447
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1653 shares
    Share 661 Tweet 413

Recent Articles

Diocesan Secretaries, Human Resource Officers Meet for Governance Training

29/07/2025
The accused persons in court on Monday.

Four charged for defrauding a Turkish Investor

29/07/2025
Uganda secures its clean energy future. Vivo Energy & UNOC launch a new LPG hub in Hoima, set to boost domestic access and position Uganda as a regional energy exporter.

Vivo Energy, UNOC ink deal for Hoima LPG facility, eyeing regional energy market

29/07/2025
Airtel Africa's CEO highlights data and mobile money as key drivers behind strong revenue growth across East Africa in the latest quarter.

Data, Mobile Money Drive Airtel’s Q1 Earnings in East Africa

29/07/2025
The Commissioner General of the Uganda Revenue Authority (URA), John Rujoki Musinguzi, at a recent press conference

URA Exceeds Revenue Target, Emphasizes Broadening Tax Base

29/07/2025
Ugandan parliamentary report exposes glaring irregularities in a controversial traffic monitoring system contract with a Russian firm, warning of motorist exploitation.

Govt to Consult Public on Suspended Traffic Fine Scheme

29/07/2025
Uganda's President Museveni, nominated for 2026, outlines a six-point agenda for his next term, prioritizing economic transformation, security, and infrastructure

290 Candidates Enter Race for NRM’s Top Organ, CEC

29/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Diocesan Secretaries, Human Resource Officers Meet for Governance Training
  • Four charged for defrauding a Turkish Investor
  • Vivo Energy, UNOC ink deal for Hoima LPG facility, eyeing regional energy market
  • Data, Mobile Money Drive Airtel’s Q1 Earnings in East Africa
  • URA Exceeds Revenue Target, Emphasizes Broadening Tax Base
  • Govt to Consult Public on Suspended Traffic Fine Scheme

OpED

Women Leading Zero Waste Solutions: A Case of Kasese District, Western Uganda

Land Value Capture: Unlocking Urban Value and Financing Inclusive Growth in Africa’s Informal Settlements

Tribute to Prof. Livingstone S. Luboobi: Servant leader, Mentor, Father Figure and Role Model

CLIFFORD MUGERWA: Why AI hasn’t taken your job yet: The skills gap will decide who wins and who loses

Telecom operators in Uganda should stop re-assigning customer’s phone numbers

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d