Search

Uganda Oil Pipeline to Get Backing From Nine European Banks, Minister Says

Allen dreyfus Logo
© Allen Dreyfus
  • Nine European banks have agreed to provide additional financing for Uganda’s East African Crude Oil Pipeline
  • The $5 billion project aims to transport crude oil from Uganda to Tanzania’s port of Tanga

Uganda announced that nine European banks have agreed to provide additional financing for the East African Crude Oil Pipeline (EACOP), a major infrastructure project intended to export the country’s crude oil through Tanzania.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

View of the San Antonio Maersk Container Ship in the Port. Photo by Wolfgang Weiser @Pexels
Nigeria has ship finance. Where are the vessels?
Read More »
Dakar, Senegal © Unsplash
Senegal’s debt reckoning tests Africa’s restructuring red lines
Read More »
Street scene in Johannesburg, South Africa. Photo by Yiğit KARAALİOĞLU @ Pexels
Can Europe make South Africa’s metros investable? Execution matters
Read More »

Latest Posts

Latest news insights