In 2014, the estimates of discovered oil in Uganda rose from 3.5 Million to 6.5 Million Barrels. The recent revelation that Uganda was exploring areas like Karamoja and the Hoima Basin to find more oil, the hopes to embark on commercial output in 2017 and the new round of licensing in the sector scheduled to
Uganda has a large natural resource base- Museveni
Apart from having Oil and Gas, a recent survey has spurred a discovery of a lot of minerals that exist in Uganda such as iron-ore, marble/limestone, gold, uranium, vermiculite, nickel, platinum, chromium, kimberlites (diamond), bentonite, aluminium clays, phosphates, copper, cobalt, wolfram, tin, coltan, rock salt and brine. According to Uganda’s President Yoweri Kaguta Museveni in