Standard Bank Seeks to ECA funding for $3 billion Ugandan Oil Pipeline

(Bloomberg, Kampala, 15 August 2017) Standard Bank Group Ltd.’s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year as the East African country prepares to start oil production by 2020. Companies will explore raising bank debt or loans from export credit agencies among the options they are considering. The 1445 kilometer pipeline will connect Uganda’s Hoima oilfields in the west to the port of Tanga in neighboring Tanzania.