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This is major because it will have a maximum capacity of 60,000 barrels produced per day.
The US-based AGEC said it is willing to take on the USD 4.5 billion Final Investment Decision (FID) in the refinery. This gave a ray of hope that the project will finally commence after years of a standstill.
Apparently, an agreement was reached during a high-stake meeting last year in US. The meeting happened between Uganda’s strong man H.E Yoweri Museveni and the management of the consortium led by Mr. Rajakumari Jandhyala.
In early December, the president of Uganda released a statement to clarify that the East African Energy Security Transition investment Project would take the FID.
Uganda now has the challenge to convince other negotiators that the project will be safe. This is in relation to the endangerment of already fragile ecosystems.
It is highly likely that in 2023, gates will be opened to a number of negotiations to undertake the FID by the funders. However, this will all depend on whether a breakthrough is achieved.
In 2018, the Ministry of Energy and Mineral Development signed a Project Framework Agreement (PFA) with AGEC. This happened to enable the design, construction and financing of the oil refinery in Hoima and Kabale districts.
As Uganda seeks to have an operational 60,000 barrels per day. The country is said to have been too rigid and conservative in past negotiations. It is now unclear if it will soften its stance in the coming negotiations.
Check Also;
- Those Affected By Oil Refinery Project Receive Land Titles Decade Later
- East African Crude Oil Pipeline Won’t Be Stopped; Says Museveni Despite EU Decree
- Museveni Appoints New Board Members Of National Oil Company
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
