Museveni sees Uganda’s economy grow by ‘billions of dollars’
Ugandan President Yoweri Museveni waves at a crowd on January 24, 2023. He has painted a bright future for Uganda’s economy, which he projected to grow to billions of dollars in “a short time” PHOTO | STUART TIBAWESWA | AFP
President Yoweri Museveni on Thursday painted a bright future for Uganda’s economy, which he projected to grow to billions of dollars in “a short time” riding on the newly launched oil drilling in the western part of the country, value addition and continued investments in infrastructure.
Uganda’s first drilling rig for Kingfisher oilfield went live this week and the government expects to make an estimated $66 billion in revenues from upstream activity and a further $3.7 billion in proceeds from the pipeline and refinery operations over 25 years.
