Browsing: infrastructure africa

• President Yoweri Museveni is optimistic that Uganda’s oil revenue will finance mega roads, railways and other infrastructure projects.
• Uganda expects to ship the first consignment of oil in 2025.
• The government will hasten the acquisition of the right of way for the construction of Standard Gauge Railway. 

Uganda’s oil revenues will finance roads and railway among other key infrastructure projects to revamp the country’s productivity. 

Uganda has significant oil reserves, particularly in the Albertine Graben region, which is located in the western part of the country.

The country discovered commercially viable oil deposits in 2006, and since then, exploration and development activities have been ongoing. According to estimates, Uganda’s discovered oil reserves are around 6.5 billion barrels. These reserves consist of both crude oil and condensates.

There have been efforts to establish a legal and regulatory framework to govern the sector and ensure transparency, environmental sustainability, and equitable distribution …

African countries cannot leapfrog their way into industrialization. Yes, there was a telecommunications jump largely bypassing landlines to mobile phones in the early 2000s, but internet penetration is still low at 36%. Other sectors of many African economies are stagnating. For instance, electricity is a foundational requirement for industry, manufacturing enterprises, for doing business, for running hospitals, schools, and for improving the quality of life at home. Yet over 600 million Africans still lack access to reliable and affordable electricity. This further depresses business productivity and generating their own power increases the operating expenses of companies. More broadly, the objectives of the landmark African Continental Free Trade Area to boost intra-African trade are severely hampered by the limited transportation options to facilitate the affordable and efficient movement of people, goods, and services from one country to another. The lack of adequate water and sanitation presents overwhelming and adverse health …