Yes the cost of the undersea cables would have to be shared by all the governments of the nations involved. And keeping the access to them open is a very good idea. But there is still several hundred miles of cable to be run from the coast inland to Uganda.

That is where the issue of who pay for what will arise. If the governments of Kenya and Tanzania sponsor the running of most of the cable then there will be taxes on Ugandans to use them. If the lines are privately financed then the owners have no incentive to allow other companies on their lines to promote competition. This is buy far the most expensive part of the project. The terrain from Mombasa to Kampala would be very difficult to lay a cable through.
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