Pan-African multilateral development financial institution the Africa Finance Corporation (AFC) will invest $95.25 million into Uganda's petroleum logistics infrastructure.
The investment will be directed towards oil and gas company, Mahathi Infra Uganda, and will be used to finance the construction of two self-propelled barges for operation on Lake Victoria.
The financing will also support the development of 14 petroleum storage tanks, 20 truck loading bays, a jetty, and a parking lot with a capacity of 50 trucks.
Source: Africa News Agency