East African oil pipeline stirs new regional tensions
Apr 18, 2021
2 minutes
CRISPIN ADRIAANSE crispin.adriaanse@africannewsagency.com
a springboard to bigger developments.
Nevertheless, the Eacop involves a
$3.5 billion (nearly R50bn) investment
directly to Uganda’s and Tanzania’s
economies, with a projected increase
of more than 60% to the respective
countries’ foreign direct investment
during construction and further
potential to unlock investment in exploring
oil reserves in the region, according to
the Eacop.
Not to mention employment
opportunities, business opportunities
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