Business 18 May 2026 Uganda Investment Authority
Museveni Backs Dangote's Multi-Billion Dollar Oil Refinery Project
President Yoweri Museveni has reportedly given his backing to a significant multi-billion dollar regional oil refinery project proposed by Nigerian industrialist Aliko Dangote. The meeting focused on advancing this ambitious venture. Source: https://ugandainvest.go.ug/president-museveni-meets-dangote-pushes-for-ugandan-oil-refinery
President Yoweri Kaguta Museveni has met with prominent Nigerian businessman Aliko Dangote to discuss a proposed multi-billion dollar regional oil refinery. The initiative, championed by Dangote, aims to establish a significant refining capacity.
Sources indicate that President Museveni has endorsed the project, signaling support for its development. Further details on the scope and timeline of the proposed refinery are anticipated.
This meeting underscores Uganda’s interest in developing its oil sector and attracting major industrial investments. The potential for a regional refinery could have significant economic implications for Uganda and surrounding areas.
Source: Uganda Investment Authority