Talks between Uganda and Dubai-based Alpha MBM Investments have “intensified” over the construction of a $4 billion refinery in the East African country, an oil executive has said.

In a statement dated Saturday, March 29, 2025, Uganda’s President Yoweri Museveni announced the signing of an oil refinery implementation agreement between Uganda and Alpha MBM Investments LLC ...

the signing of the Implementation Agreement for a 60,000-barrels-per-day refinery with Alpha MBM International. Together, ...

The headlines last week were about the 60,000-barrel-per-day refinery that the Dubai-based Alpha MBM Investments is set ... a whopping Shs7.7 trillion. While Uganda has joined the club of oil ...

The United Arab Emirates (UAE) is strengthening foreign policy to build influence in East Africa and countries along the Red Sea as it secures large investment deals in the region’s oil and gas sector ...