Fifteen years after discovering commercially-viable crude oil deposits, Uganda begins its final journey to production with the signing on Sunday of a landmark deal with Tanzania and French oil company Total.
The deal, which is expected to unlock upwards of $15 billion in investments, was signed in Kampala. President Yoweri Museveni led the Uganda delegation while Total chairman and chief executive Patrick Pouyanne led the French company’s team, The EastAfrican has learnt.
