Uganda Doubles Oil-Industry Budget as Start of Production Nears
A worker adjusts a generator in front of fuel storage tanks at an oil logistics complex in Entebbe, Uganda.
Photographer: Esther Ruth Mbabazi/BloombergThis article is for subscribers only.
Uganda more than doubled its annual budget for the oil and gas industry as it moves closer to the start of production, targeted for the next financial year.
The government allocated 920.9 billion shillings ($246 million) to the sector for the year through June 2025, Finance Minister Matia Kasaija said Thursday in a speech in the capital, Kampala. That compares with 447 billion shillings in the previous budget.