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Uganda oil refinery gets $20m funding from AFC

Tullow Oil workers at a rig in Buliisa in Uganda .Works on the $4.27 billion crude oil refinery project are expected to start after investors showed interest. PHOTO | FILE | NATION MEDIA GROUP

By  HALIMA ABDALLAH

The Africa Finance Corporation has advanced $20 million for the construction of Uganda’s crude oil refinery, paving the way for the start of the $4.27 billion project.

AFC signed the financing deal on the sidelines of the Africa Oil Week in South Africa mid this month, The EastAfrican has established.

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