World Bank pledges $600 million to fund Uganda-Kenya oil pipeline

[Olekoima]

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The World Bank has pledged some $600 million to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan, the lender said Monday.

In a statement, the World Bank said that the funds would be provided by its private lending arm, the International Finance Corporation and is part of a $1.8-billion loan to fund various infrastructure projects in the Horn of Africa region, where companies have made a flurry of oil and gas discoveries in recent years.....
http://www.platts.com/latest-news/oil/kampala/world-bank-pledges-600-million-to-fund-uganda-26915030

[Omollo]

They want a share of the cake! Where have they been while East Africans begged China and got all their dogs eaten in the process?