#Energy and Mineral Development

Finance Minister Henry Musasizi has allocated Shs 2.07 trillion to the energy sector for FY 2026/27. The budget funds the groundbreaking of the 380MW Kiba hydro plant, Buyende nuclear preparations, and a 20.15% equity stake purchase in the Kenya Pipeline Company to insulate Uganda from global fuel supply shocks.

The East African Crude Oil Pipeline (EACOP) project and other oil and gas projects that were launched last week, is expected to provide 14,000 direct jobs. The...