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Uganda-Tanzania Oil Pipeline Faces Funding Hitches...
28 Oct, 2024 09:09 408 min read
Climate activists pressured six Western banks to halt funding for the East African Crude Oil Pipeline (EACOP), complicating its $5 billion development. In response, Uganda is shifting from debt to equity financing, with Total Energies and partner countries increasing investments. Uganda is also seeking Chinese financing to ensure the project’s continuation amid environmental concerns and funding challenges.... More