– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
South Africa Secures $1 Billion BRICS Bank Loan for Municipal Infrastructure
Senegal, Eni Sign Deal to Evaluate Five Offshore Oil and Gas Blocks
Sasol Signs Africa’s First Commercial SAF Supply Deal for Antarctica Flights
TotalEnergies Partners With French AI Firm Mistral on Oil and Gas Exploration
World Bank Chief Banga to Back Senegal’s Push for Faster G20 Debt Restructuring
Forbes Values Dangote’s Fortune Above $50 Billion After Refinery Revaluation
JPMorgan to Launch Frontier-Market Bond Index Tracking $330 Billion of Local Debt
AI Stocks Slide Globally as Anthropic CEO Calls for Slower Pace of Development
Senegal’s President Faye to Meet IMF Chief Georgieva in Washington on September 15
Dangote Refinery IPO Surge Crashes Nigerian Investment Apps as Demand Soars
Guinea Seeks Glencore Investment in Alumina Refining and Energy Beyond Bauxite Deal
Egypt Partners With China’s CATL to Build 5 GWh Battery Manufacturing Plant
Senegal Raises $179 Million in First Bond Auction Since External Debt Revamp Plan
Dangote Launches Africa’s Largest IPO as $1.6 Billion Share Sale Opens to Retail Investors
India’s Solar Industries to Acquire South Africa’s Omnia Holdings for $1.4 Billion
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Energy » Tanzania, Uganda and Vitol Partner to Develop $20 Billion Tanga Energy Hub
Energy

Tanzania, Uganda and Vitol Partner to Develop $20 Billion Tanga Energy Hub

by Emmanuel Ebube August 7, 2026
written by Emmanuel Ebube August 7, 2026
Logo del comercializador de materias primas Vitol. Photographer: Andrew Caballero-Reynolds/Bloomberg
FacebookTwitterLinkedinEmail
64

KAMPALA, Aug 7 – Tanzania and Uganda have signed a non-binding agreement with Vitol Bahrain, a subsidiary of global commodities trader Vitol, to develop a regional energy hub at the Port of Tanga in northern Tanzania.

The agreement brings together the Tanzania Petroleum Development Corporation (TPDC), the Uganda National Oil Company (UNOC) and Vitol Bahrain as partners in the proposed development, which is expected to strengthen East Africa’s energy infrastructure and regional fuel supply chain.

While the parties have yet to disclose the project’s final scope or investment structure, the Tanzanian government said potential spending on new infrastructure, including storage facilities, could exceed $20 billion.

The Port of Tanga is becoming an increasingly strategic energy gateway for the region. It is expected to serve as a key distribution centre for refined petroleum products to inland markets, including Rwanda, while also acting as the export terminal for the East African Crude Oil Pipeline (EACOP), which will transport crude oil from Uganda to international markets.

You Might Be Interested In
  • Egypt to Clear $1.3 Billion Oil Arrears by June to Revive Investment and Production

Uganda is expected to begin commercial crude oil production later this year, marking a significant milestone for the country’s emerging petroleum industry.

The agreement also builds on Vitol’s expanding presence in East Africa. Vitol Bahrain currently serves as the exclusive supplier of petroleum products to Uganda and, in 2025, signed a $2 billion agreement with UNOC that helped the company secure a 20.15% stake in Kenya Pipeline Company (KPC) following its public listing.

Uganda currently imports approximately 95% of its petroleum products, equivalent to nearly 2.96 billion litres annually, through Kenya using the Port of Mombasa and the Kenya Pipeline Company network.

The proposed Tanga energy hub is expected to diversify regional fuel supply routes, improve energy security and strengthen cross-border trade infrastructure as East African countries continue investing in integrated energy and logistics networks.

Read Next

  • South Africa’s MTN Group Returns to Profit as Nigeria and Ghana Drive Revenue Growth

    March 16, 2026
  • IMF’s Georgieva Says Global Economy Must Adapt to a Future of Constant Shocks

    June 8, 2026
  • Zambia Inflation Falls to 6.2% in August, Lowest Level Since February 2018

    August 27, 2026
  • Reforms Draw Foreign Investors Back to African Markets, Standard Chartered Says

    June 11, 2026
  • Fitch Upgrades South Africa’s Sovereign Credit Rating for First Time in Two Decades

    June 8, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy