NEWVISION
GOVERNMENT, DUBAI COMPANY INK UGX 14.6 TRILLION OIL REFINERY AGREEMENT
Page: 3
Summary: The Government and its joint venture partner, Alpha MBM Investments, have unlocked a $4b (about UGX 14.6 trillion) investment for the oil refinery with the signing of the project implementation agreement on Saturday. The agreement, similar to the host government agreement signed under the crude oil pipeline project, sets a framework for the investment, timelines for the works as well as outlining obligations for both parties.
CHINA’S INVESTMENT IN UGANDA HITS OVER UGX 3 TRILLION
Page: 34
Summary: Chinese investment in Uganda now exceeds UGX 3 trillion, equivalent to over $800m in foreign direct investment, creating tens of thousands of jobs and reshaping industries. This investment has been made in key sectors such as agriculture, manufacturing, oil and gas, as well as infrastructure and this growing partnership has positioned Uganda as a crucial player in China’s broader strategy for Africa.
DAILY MONITOR
$2.81B TO BE INVESTED IN OIL AND GAS THIS YEAR, SAYS PAU
Page: 15
Summary: Petroleum Authority of Uganda (PAU) says at least $2.81b (UGX 10.291 trillion) will be invested in oil and gas by licensed companies this year. Speaking at the Insurance Consortium for Oil and Gas Symposium 2025, Ernest Rubondo, the PAU Executive Director, said by the end of 2024, $9.96b (UGX 36.4 trillion) had been invested in oil and gas, with $1.96b (UGX 7 trillion) and $2.44b (UGX 8.936 trillion) invested in 2023 and 2024, respectively.
