Uganda, Tanzania Oil Pipeline Deal Unlocks More Funding Options
The pipeline that will take crude oil from Uganda to export markets has moved closer to financial closure after the waiver of taxes on the product by Tanzania paved the way for the signing of a bilateral agreement between the two countries.
Crude oil pipeline.
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East Africa:
How Uganda Oil Firms Plan to Raise U.S.$3.5 Billion for Pipeline
Monitor, 29 May 2017
Just days after signing with the Tanzanian government a landmark agreement for construction of the Hoima-to-Tanga oil pipeline, Ugandan officials are scratching their heads on how… Read more »
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East Africa:
Uganda, Tanzania Ink U.S.$3.6 Billion Oil Pipeline Agreement
East African, 26 May 2017
Uganda and Tanzania have signed a framework agreement on their proposed $3.55 billion crude export pipeline, a key milestone for the project. Read more »
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East Africa:
Museveni, Magufuli Sign Deal on Pipeline
Observer, 26 May 2017
President Museveni and Tanzania's John Pombe Magufuli at the weekend signed a pact, which, among other things, waives taxes on materials to be used in the construction of the crude… Read more »
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Uganda:
Museveni's Visit to Dar Rescues Oil Pipeline Deal, Sets Project Timelines
East African, 6 March 2017
President Yoweri Museveni's recent state visit to Tanzania was to rescue the crude oil pipeline project after Dar officials pushed to revise the low tariff that lured Uganda to… Read more »
InFocus
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The Ugandan president confessed to being a disciple of Mwalimu Nyerere since 1963, mainly because of his stance against tribalism, patriotism, his support for Africa liberation ... Read more »