Uganda should be congratulated for recently clinching an investment deal with Alpha MBM of United Arab Emirates (UAE) to construct a 60,000 barrels per day refinery in western part of the country where oilfields development is in progress. The $4 billion refinery shareholding will be 60 percent by the UAE investor and 40 percent by Uganda government entities.
Local commercialisation of Uganda oil resources through refining is a milestone realised by President Museveni who has persistently advocated for the refinery ever since oil was discovered in 2006.
