Tanzania & Uganda Sign 1403Km Crude Oil Pipeline Deal

Tanzania and Uganda have put pen to paper, for the construction of a 1,403-kilometre pipeline for transporting crude oil from Hoima to Tanga Port in Tanzania.

Presidents John Magufuli and his Ugandan counterpart, Yoweri Museveni, signed a communiqué to that effect, upon completion of discussions on sections of the contract which will be signed later, to set the project in motion.

Aside from its economic advantages, President Museveni said one of the major reasons that influenced his decision to choose Tanzania as co-host of the pipeline was Mwalimu Julius Nyerere’s staunch pan-African patriotism, the push for East African political Federation and fighting tribalism.

President Magufuli expressed appreciation to Mr Museveni for being instrumental in propelling the project, which signified the solid friendship between the two countries.

He commended experts and government officials from both countries, including ministers and legal experts, who worked tirelessly to iron out bottlenecks that included differences in tax regimes.

Dr Magufuli explained that the project would yield many employment opportunities for Tanzania and Uganda and an avenue for both governments to collect revenue.

Source;  Tanzania Daily News

Africa Sokoni