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Vol 66 No 15

Published 25th July 2025


Uganda

President’s oil dream is in foreign hands

Museveni’s beloved pipeline and refinery project rides on uncertain finance from UAE and questions about China’s priorities

Uganda’s planned oil refinery at Hoima hinges its joint venture partner Alpha MBM Investments, a little-known United Arab Emirates company chaired by a minor member of the Dubai royal family, Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, posing questions about his ability to raise billions in finance for a project with a spotty history to date

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