Kaliisa urges Uganda to fund $4B Hoima Oil Refinery locally
Автор: NTVUganda
Загружено: 2026-02-11
Просмотров: 532
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Dr. Fred Kabagamba Kaliisa, the Senior Presidential Advisor on Oil and Gas, has called on the Ugandan government to invest directly in developing a $4 billion oil refinery in Hoima District, warning that dependence on foreign investors could undermine the country’s economic gains. He stressed that, unlike export-oriented pipelines, a refinery primarily serving Uganda and its neighbours may not attract international investors focused on foreign exchange and global markets, making local funding crucial to unlocking long-term financial benefits.
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