Uganda has launched a drive to position Hoima as East Africa’s petrochemical manufacturing centre, opening the Kabalega Industrial Park (KIP) to investors ahead of first oil production.
Anchored on the country’s planned 60,000-barrels-per-day refinery, the park is expected to host industries that convert by-products into value-added products, contributing an estimated $4.9 billion annually to GDP and creating thousands of jobs. As the country nears commercial oil production, the wholly state-owned Uganda National Oil Company (UNOC) says the park, located approximately 50 kilometres west of Hoima City near Lake Albert, will host 221 factories.
