Tanzania, Aug. 7 -- Dar es Salaam. Tanzania and Uganda have signed a memorandum of understanding (MoU) which is expected to attract investments exceeding $20 billion in the energy sector, including a refinery in Tanga region.

The fresh step which is expected to transform Tanga into a regional energy hub, comes a few months after Africa's richest man Aliko Dangote said he would prefer to build mega oil refinery in Kenya rather than the earlier planned in Tanga, Tanzania.

The signing involved the Tanzania Petroleum Development Corporation (TPDC), the Uganda National Oil Company (UNOC) and Vitol Bahrain which signed the agreement at State House in Dar es Salaam yesterday, during the second day of Ugandan President Yoweri Museveni's State v...