THE AFRICAN BUSINESS FORTUNE MAGAZINE ISSUE #006 The African Business Fortune Magazine | Page 44

facility, which is part of the ArushaHolili-Taveta road that links northern
Tanzania with Taveta in Kenya, and
which will reduce by a third the time
trucks take to cross the border.
It will also reduce the distance between Mombasa and Bunjumbura by
400kilometres.
“We want to take our friendship and
relations to higher levels by implementing projects that impact positively on the lives of our people,” stated the
presidents in a joint statement after a
regional summit in Arusha.
The one-stop-border post is the first

of its kind to be commissioned among
15 border facilities under construction
across the EAC bloc and South Sudan.
Following hot on the heels is a mega
deal between Uganda and Tanzania that
is set to pave the way for building a pipeline from Uganda oil fields to the Tanzanian coast.
The move strikes a huge blow to Kenya
after France’s Total, one of oil firms developing Uganda’s fields, raised security
concerns about the Kenyan route, which
was an earlier option but that could run
near Somalia, a country whose militants
have launched attacks on Kenya.

44 THE AFRICAN BUSINESS FORTUNE MAY - JUNE 2016

“The two countries are planning to build
an oil pipeline between Tanga in Tanzania,
and Uganda covering a distance of 1,120
km,” the Ugandan presidency said in its
statement.
While his Tanzanian counterpart John
Magufuli expressed that, “the pipeline is
projected to employ 15,000 people.”
Just like Kenya, Uganda is yet to start oil
production but the date of commencing the
project has since been postponed due to
declining oil prices and pipeline considerations.
On the other hand, Kenya is spearheading
the development of the multibillion Lamu