Uganda: Government Seeks Shs847b for Stake in Oil Pipeline

Kampala — Government through the Uganda National Oil Company (Unoc) will require between Shs578b and Shs847b to finance its equity stake in the proposed East African Crude Oil Pipeline (EACOP).

The exact financing structure is still being worked out but sources familiar with the matter told Daily Monitor that if the ongoing negotiations agree to-debt-to equity ratios of 60:40, Unoc will have to mobilise $230m (Shs847b) as its take; if the debt to equity ratios is 70:30, then Uganda's financing will be in the ranges of $157m (about Shs578b).

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