Talks between Uganda and Dubai-based Alpha MBM Investments have “intensified” over the construction of a $4 billion refinery in the East African country, an oil executive has said.

of a historic deal between the government and Dubai-based Alpha MBM Investments Llc, whose subsidiary which will finance, design, develop and operate the 60,000 barrels-per-day facility. The refinery ...

We are thrilled to unveil the MBM Co-founders Club, a landmark initiative born from the spirit of “By MBM, For MBM.” Crafted ...

Uganda and Dubai-based Alpha MBM Investments LLC signed a pact to jointly develop a 60,000 barrels per day refinery in the East African country. Alpha MBM will hold 60% interest while the Uganda ...

Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni's office said in a ...

The refinery will cost a whopping Shs7.7 trillion. While Uganda has joined the club of oil-producing countries, it is far from being an oil-rich country. And that shows why its oil cannot be the magic ...