Source: African Development Bank Group (AfDB) |

African Development Bank strongly rebuts claims that it plans to provide financial support to the East African Crude Oil Pipeline Project

The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has not provided financing to any Private Sector Company for upstream oil or gas pipeline projects in East Africa

The African Development (www.AfDB.org) Bank has become aware of an inaccurate news article stating that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. The Bank strongly refutes the claims in the misleading article, which references a letter by a group of civil society…