UNOC secures Shs7Tn loan to fast-track oil and road projects
Following Parliamentary approval, the Uganda National Oil Company (UNOC) has formally executed financing agreements to borrow up to USD 2 billion (about UGX 7.12 trillion) from global petroleum trader Vitol Bahrain E.C. to support strategic national oil and infrastructure investments. The financing, to be repaid over seven years, is expected to unlock several key projects…