East Africa is taking another step towards becoming one of Africa’s fastest-growing energy corridors.
Tanzania and Uganda have signed a new agreement with global energy trader Vitol Bahrain to develop the Tanzanian port city of Tanga into a regional energy hub, deepening a partnership that could reshape fuel trade, investment and energy security across East Africa.
The Memorandum of Understanding was signed in Dar es Salaam in the presence of Tanzanian President Samia Suluhu Hassan and Ugandan President Yoweri Museveni during the Ugandan leader’s two-day working visit.
President Samia described the project as part of a broader strategy to add value to the region’s natural resources while strengthening economic cooperation between the neighbouring countries.
“This project is part of our commitment to adding value to our resources and enhancing economic cooperation,” she said, adding that it would create jobs, attract investment and allow citizens to benefit more from the energy value chain.
