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
Oil attracts increased Investments to Uganda
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
Why Uganda’s concession to the regional pipeline project is good news to South Sudan
South Sudan must have been waiting with bated breath or should we say eavesdropping on the conversations between Kenya, Rwanda and Uganda that have been the centre of media attention this week. The President of Uganda, Yoweri Kaguta Museveni has been hosting his colleagues Uhuru Kenyatta, the Kenyan President and Paul Kagame, the President of
Report places value of East African Oil and Gas market at 4billion USD
According to the East African Oil and Gas Market 2013-2023 report, the market share available within the region for the next ten years has been estimated to stand at about 3.9billion USD. The report done by Visiongain gives the East African regional oil & gas market forecast from 2013 to 2023 for six countries
Uganda, Madagascar take lead in commercial development of oil reserves in East Africa
The United States Energy Information Administration report on Emerging Oil and Gas Developments in East Africa has identified Uganda, Madagascar, Mozambique and Tanzania to have shown the most progress toward commercial development of the newly discovered resources of oil and gas in the East Africa region in recent years. According to the report, whereas