The Big StoryTransport & Logistics

Uganda Railways Records UGX 32.8b Loss as UGX 4.6b in Assets Sit Idle Uganda Railways recorded a UGX 32.8 billion loss in 2024/25 as idle assets, unresolved liabilities, weak procurement execution, and stalled rehabilitation projects continue to strain operations.

Uganda Railways Corporation (URC) closed the 2024/25 financial year with a net loss of UGX 32.810 billion, underscoring persistent structural and operational weaknesses in the railway sub-sector. Although the loss narrowed from UGX 36.346 billion in the 2023/24 financial year, the Auditor General’s report for the year ended 31 December 2025 shows that URC continues to struggle with weak revenue performance, idle assets, unresolved liabilities, and stalled infrastructure rehabilitation. Loss narrows, but risks remain The reduction in losses was driven by higher funding and cost containment. Internally generated revenue rose by 26.12%, government grants increased by 14.67%, and operating expenses…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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