The experts suggest that while PSAs are good, the National Mining Company of Uganda currently lacks expertise to manage, warehouse, quantify, value and to report minerals. They suggest that unlike in the oil and gas sector , PSAs in the mining sector are very risky.
The reelection of President Donald Trump , the change in energy politics and landscape combined with the emergence of new poles could breathe new life in Uganda's oil and gas sector.
Most gold from the DRC was smuggled through Uganda and Rwanda and, to a lesser extent, Burundi (some of the gold from South Sudan also transited through Uganda and 60% of the gold from Uganda.
Reports from Parliament and the Auditor General have in the past raised concerns about withdrawals from the Petroleum Fund. Some of the Money was used to finance the budget in 2019.
Experts say an energy transition is underway, and the long-term future of energy is undoubtedly going to be focused on cleaner, low-carbon technologies.
The final investment decision (FID) was expected to open the tap for money to start flowing, paving the way for projects like the US$3.5bn East Africa Crude Oil Pipeline.
Construction of the 1400 km heated oil export pipeline from Hoima in western Uganda to Tanzania’s port of Tanga on Indian Ocean has stalled.
