Uganda's long-delayed national oil refinery is entering a critical phase, with the government edging closer to finalising a $4 billion partnership with a UAE-backed investor, a move that could reshape fuel supply dynamics across East Africa.

After more than a decade of setbacks, the project is now progressing towards a Final Investment Decision (FID), expected by July 2026, following the signing of key agreements between the Uganda National Oil Company and Alpha MBM Investments LLC, a Dubai-based firm. 

Thami Ngubeni spoke to Dr Micah Abigaba, an energy economist and lecturer in the Business School at Makerere University, Uganda.

Uganda's long-delayed national oil refinery is entering a critical phase, with the government edging closer to finalising a $4 billion partnership with a UAE-backed investor, a move that could reshape fuel supply dynamics across East Africa.
After more than a decade of setbacks, the project is now progressing towards a Final Investment Decision (FID), expected by July 2026, following the signing of key agreements between the Uganda National Oil Company and Alpha MBM Investments LLC, a Dubai-based firm.&nbsp;
Thami Ngubeni spoke to Dr Micah Abigaba, an energy economist and lecturer in the Business School at Makerere University, Uganda.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.