SIGNING of Host Government Agreements (HGA) between Tanzania and Uganda is on the cards, giving a gesture for fast tracking the construction work for Tanga- Hoima oil pipeline.
The HGA, which will come after the two countries inked the Intergovernmental Agreement (IGA), defines rights and obligations between each State on the project, and will be ratified by the respective parliaments. Many HGAs include a stabilisation clause designed to minimise the financial and political risks posed to foreign investors as a result of sudden changes in national law.
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