Friday, November 22African Digital Business Magazine

Tag: UNOC

Energy, Uganda News

Uganda is the Biggest Oil Story in Africa and is Set to Make a Strong Play for Investment at African Energy Week in Cape Town

Uganda has emerged as a formidable oil and gas competitor and African Energy Week (AEW) 2021 in Cape Town will showcase it. With sizeable reserves, enabling regulation, and a proactive national oil company that prioritizes local participation, inclusivity, and capacity building, the country is positioning itself as a force to be reckoned with, and AEW 2021 in Cape Town (9th-12th of November 2021) will drive this narrative. In a recent working visit to Uganda, the African Energy Chamber (AEC) emphasized the role that AEW 2021 will play in showcasing the country’s energy progress, placing Uganda as a top priority at Africa’s premier energy event in order to drive associated dealmaking. Despite representing a relatively new hydrocarbon sector, Uganda - with its 6.5 billion barrels of proven...