EACOP Participates in Uganda-Tanzania Business Forum 2024

The Uganda-Tanzania Business Forum 2024, recently held to promote investment across various sectors, saw significant participation from the EACOP project. The forum, which brought together stakeholders from both private and public sectors, was organized by the Tanzania Investment Centre (TIC) and the Ugandan High Commission in Tanzania, in collaboration with the Tanzania Private Sector Foundation (TPSF) and the Private Sector Foundation of Uganda (PSFU).

The forum focused on encouraging investments in manufacturing, logistics, trade, agribusiness, tourism, financial services, and the extractive industries, including oil and gas. The current trade volume between Tanzania and Uganda stands at an impressive 400 million US dollars (approximately 1.04 trillion Tanzanian shillings), highlighting the significant economic interdependence between the two nations.

EACOP Deputy Managing Director John Bosco Habumugisha was a key presenter at the forum. His participation underscored the importance of the EACOP project in bolstering the economic ties between Uganda and Tanzania. The EACOP project, which involves the construction of a pipeline to transport crude oil from Uganda to the Tanzanian coast, is a pivotal infrastructure project that is expected to enhance the energy sector’s capacity and contribute substantially to both countries’ economic growth.