Uganda is seeking new investors for its $4.5 billion refinery after three failed attempts with Russian, South Korean and now US/Italian private companies to raise a critical portion of the required financing.

Uganda’s Ministry of Energy says it will work with public sector capital – a veiled admission that only bilateral deals were left to explore to get the project going.

For more information, please see https://www.theeastafrican.co.ke/tea/business/uganda-seeks-new-investors-for-its-4b-refinery-project-4297066