The recent oil discovery in Uganda has led to an increase in Foreign Direct Investment (FDI) inflows to the country. According to the data that the United Nations Conference on Trade and Development released recently, Uganda FDI increased by 92.51% to $ 1.721 billion in 2012 down from $ 894 Million in 2011. The data
Emerging oil sector prompts PTA bank to invest more credit in Private Sector initiatives
Private sector investors in need of long-term credit financing for infrastructure development have an opportunity to access funding from the PTA Bank courtesy of the emerging oil and gas sector. A forecast that projects the possibility of Uganda experiencing double digit economic growth due to the nascent oil and gas industry as well as growth