Following the desertion of the construction of Uganda’s $4 billion oil refinery in June 2016, RT Global Resources, a Russian consortium, has decided to establish new terms for its contribution in the project. RT Global Resources, which is the highest bidder for the financing and construction of the refinery in Hoima, abandoned the deal after the Ugandan government failed to assure their...

Britain is willing to invest $30 million in East Africa to help exploit its crude oil and natural gas finds by developing industry legislation and regulation with much importance on local content. “We have committed $30 million towards development of local content, technical advice on legislation and regulation, research, and engagement with the industry and civil society. With new...