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).
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article