Decision Near on $4 Billion Uganda Pipeline, Standard Bank Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Standard Bank can only decide whether to invest as much as $100 million after project developer TotalEnergies SE, China’s CNOOC, Uganda and Tanzania have to agree on the financing structure, Fihla said.
A controversial $4 billion crude oil pipeline to link Uganda and Tanzania has overcome a key hurdle that delayed a final decision, according to Standard Bank Group Ltd.