Uganda Government to support domestic investors in oil and gas sector

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The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of domestic investors to ensure they benefit from the oil and gas sector.

The authority’s Director-General, Robert Mukiza, says that through their domestic investment division, his team is already working in building the capacity of the local firms to leverage the opportunities in the sector.

On Monday the Government awarded the Joint Venture Partners for their contribution towards the signing of the Final Investment Decision (FID) at the beginning of February 2022.

Speaking during the event held at Serena Hotel Kampala Tuesday, March 01, Mukiza said FID is a historical milestone that will see the country attract the single largest investment (approximately $10-$15bn), ever, into the country.

 

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