• EACOP reaches 60% completion despite earlier financing challenges

• Around 6,000 jobs created, with 70% benefiting local communities

• Project expected to improve road infrastructure and digital access

The East African Crude Oil Pipeline (EACOP) has reached 60% completion, according to Tanzanian media reports on June 3. The $10 billion project, which spans 1,443 kilometers, continues to progress despite earlier difficulties in securing financing.

EACOP Ltd, the company overseeing construction, announced 50% completion in late March 2025. The project is one of East Africa’s largest energy investments and is expected to boost infrastructure development and local employment. So far, it has created about 6,000 jobs, with 70% going to local communities along the pipeline route.

While no details have been released on the exact amount of funding secured, EACOP Ltd confirmed that a first tranche of financing was finalized in March. TotalEnergies, which holds a 62% stake, noted the involvement of regional lenders including Afreximbank, Standard Bank of South Africa, and Stanbic Bank Uganda.

In addition to transporting crude oil from Uganda’s Tilenga and Kingfisher fields to the Tanzanian port of Tanga, the pipeline’s design includes optical fiber infrastructure, which could support digital and logistics services in underserved areas. The project is expected to carry up to 246,000 barrels per day.