The construction of the pipeline is expected to cost between $ 4.2-$5 billion. So according to Kamuntu, the project is likely to take off when the financing is secured.
The development of oil and gas infrastructure is likely to spur Uganda's Insurance sector but the biggest value will go to foreign insurance firms and brokers.
With the talks about the shift to cleaner energy operations, some investors in oil and gas operations are cutting investments in Africa’s oil and gas developments.
Construction of the East African Crude Oil Export Pipeline project is due to start next year, but people along the planned route were evicted almost two years ago, with promises of compensation.
