New Financial Institution Set to Bridge Africa’s Oil and Gas Funding Gap
With an initial capital of $5 billion, the fund has played a pivotal role in financing various infrastructure and development projects across the continent.
The new agreement with the UAE firm has revived momentum, positioning Uganda to fully benefit from its oil resources discovered in 2006.
The initiative focuses on key sectors such as education, healthcare, livelihoods, social protection, and environmental management.
Africa’s green potential can drive sustainable trade, economic resilience, and global stability through value addition, renewable energy, and innovation.
By Walcott Aganu
