- Uganda is working to become an oil-rich nation and has made significant investments, leading to the discovery of new oil wells
- These latest discoveries have further positioned the country to achieve the World Bank’s projected economic growth
- Currently, Uganda is not listed among the African oil-producing nations in the Organization of the Petroleum Exporting Countries (OPEC)
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Uganda is making strides to join the ranks of oil-producing nations in 2025 and has been aggressively pursuing exploration and development projects.
