Uganda banks have shown commitment towards giving out loans and supporting activities of the Uganda’s oil and gas sector. Although the Central Bank regulations dictate that the bank can only avail a maximum of 25 per cent of the bank’s capital, many banks have started staging billions of money to lend to companies involved in
AfDB Boss Says Oil Pipeline Projects in Uganda and Kenya Present Golden Opportunities to Investors
Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in
African Development Bank advise Uganda and Tanzania on oil revenue management
The African Development Bank has given fresh policy contributions and advice to new Oil producers on how to leverage oil, minerals and gas resources to improve human development and progress. The report that comes on a backdrop of research on national development policy frameworks in Africa, targets mainly East African states of Uganda, Kenya and
World Bank to inject $600 in the Uganda- Kenya Oil pipeline
The World Bank has pledged to inject $600 to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan. In a statement made on Monday the World Bank said that the funds would be provided by its private- lending arm, the International Finance Corporation. The fund is part of