Statement by UNCTAD… Conference participants from all over the world analysed the potential for exploration and production of oil and gas, and investment opportunities, in Sudan and other African countries at UNCTAD’s 17th African OILGASMINE Conference and Exhibition in Khartoum. The oil, gas and mining industries – currently employing around 1 per cent of Africa’s workforce –
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