Home > Oil Fund Uganda

Government Makes Second Withdraw from Oil Fund Before Production Commences

Government has withdrawn an extra Shs. 200billion (approx. $54 million) from the petroleum fund, Finance Minister Matia Kasaija announced in a statement on the Ministry website. The withdrawn money, Kasaija said, is meant to help finance Uganda’s 2018-2019 spending plan which includes development of infrastructure including power plants and roads. This becomes

Read More