Call on East Afritac for help in saving plunging exports
Competition with Chinese exports has become too tough for debt-ridden Ugandan companies. The government has decided to back the firms, many of which are close to ruling circles.
The snail’s pace of Uganda’s decisions concerning outlets for its oil could prompt some companies like Tullow Oil to strongly turn their attention to neighbouring Kenya. Reserves identified in the Lokichar and Turkana basins combined with Nairobi’s pro-active stance are