Uganda’s executives globetrot to drum up investor appetite for $4b oil refinery

A crude oil refinery. Uganda is seeking funding to have its oil refinery up and running in 2027. PHOTO | AFP

Uganda government officials have been racking up air miles between Entebbe, Italy and US to strike a financing deal for the $4 billion refinery project.

Government officials admit that the refinery project has fallen behind others, and will likely come onstream late in 2027 at the earliest if the necessary financing is tied up and the pending technical studies concluded sooner.