Lenders save stalled East African Crude Oil Pipeline with $300 million

Lenders save stalled East African Crude Oil Pipeline with $300 million

Lenders save stalled East African Crude Oil Pipeline with $300 million

The East African Crude Oil Pipeline (EACOP) has attracted $300 million from alternative lenders as its proponents rush to save the project from pressure groups citing environmental concerns.

Recently, Uganda received an additional pledge of $200 million from the Afreximbank towards erecting the pipeline whose total cost is $5 billion.

For more information, please see https://www.theeastafrican.co.ke/tea/business/lenders-save-stalled-eacop-3978182

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