Hon. Ruth Nankabirwa: 🌍Uganda’s Energy Summit Wrap-Up: Oil, Gas & Renewable Opportunities Explored!✨

Insights into Uganda’s oil, gas, and renewable energy sectors.

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💼⚡ Key discussions centered around new oil discoveries in the Moroto-Kadam and Kyoga Basins, as well as ongoing efforts to balance economic growth with sustainability.
UK investors were presented with opportunities in major projects like the East African Crude Oil Pipeline (EACOP), while partnerships with global stakeholders such as China were also explored. Uganda’s commitment to sustainable development and international collaboration was highlighted throughout the event. 🌍📈

Key Discussion Points:

Balancing Growth and Sustainability in Uganda’s Energy Sector:
Hon. Nankabirwa discussed Uganda’s recent progress in oil and mineral exploration, including new oil discoveries in the Moroto-Kadam and Kyoga Basins. She emphasized the importance of addressing infrastructure challenges to fully capitalize on these resources, while ensuring that their exploitation contributes to national economic growth and adheres to global environmental standards. This includes sustainable practices that benefit local communities and promote long-term ecological stability.

Opportunities for UK Investors in Uganda’s Energy and Mineral Development:
The Minister highlighted key projects like the East African Crude Oil Pipeline (EACOP), which presents significant opportunities for UK investors. She invited British businesses to explore investment in renewable energy, oil, gas, and mineral sectors, stressing Uganda's commitment to creating a favorable investment climate. These projects aim to support Uganda’s transition to a more diversified and sustainable energy portfolio while boosting industrial development.

Addressing International Investment Concerns:
Recognizing concerns from Western financial institutions regarding environmental and governance issues, Hon. Nankabirwa explained how Uganda is navigating these challenges by adopting best practices in sustainability. Additionally, she noted Uganda’s strategy to leverage interest from other global partners, such as China, to attract investment and advance critical energy and infrastructure projects.

This session underscored Uganda’s commitment to sustainable development and the potential for international partnerships, particularly with UK investors, to drive growth in the energy and mineral sectors.