China steps in to save Uganda oil pipeline as Western lenders back...

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2023-09-24 00:22:21 - Translate -

China steps in to save Uganda oil pipeline as Western lenders back out over environmental concerns

Chinese lenders will provide more than half of the US$3 billion debt that Uganda requires to build a crude oil pipeline after financiers from the West backed out following strong opposition from environmental groups. According to Uganda's Ministry of Energy and Mineral Development, the East African nation expects to finalise talks with the China Export & Credit...

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