The Petroleum Authority of Uganda (PAU) has announced that oil and gas companies licensed to operate in the country will invest at least $2.81 billion (UGX10.291 trillion) in 2025, according to a statement on the Uganda Investment Authority website.
PAU Executive Director, Dr Ernest Rubondo, made the remarks on March 31 while speaking at the Insurance Consortium for Oil and Gas Symposium 2025. He said that by the end of 2024, a total of $9.96 billion (UGX36.4 trillion) had already been invested in the sector, with $1.96 billion (UGX7 trillion) and $2.44 billion (UGX8.93 trillion) invested in 2023 and 2024, respectively.
Dr Rubondo said this year’s investments will create 15,169 direct jobs, with 89 percent of those going to Ugandans.
He also revealed that the sector currently holds over $5.3 billion worth of contracts, with $2.1 billion of those awarded to Ugandan companies.
Out of 3,087 companies registered on the National Supplier Database—both local and international—630 companies have so far secured contracts. Among them, 465 are Ugandan firms.
Dr Rubondo said the growing investments in oil and gas are expected to spark increased activity in other sectors such as insurance, banking, and support services, creating wider economic benefits for the country.
