Uganda: Milestones under Museveni’s leadership

Uganda

Ugandan President H.E. Yoweri Kaguta Museveni has led Uganda during a period of growth and prosperity. He had already been in office for 12 years when the first 2D seismic was shot in the search for the oil and gas riches that Uganda is now set to benefit from.

January 1986 – H.E. Yoweri Kaguta Museveni is sworn in as Ugandan president.

December 1994 – Ugandan annual economic growth averages almost 6% in the 1987-1994 period, according to the IMF.

January 1995 – Uganda joins the World Trade Organisation.

1998 – First 2D seismic data acquired in Uganda.

2002-2004 – First deep wells in the Lake Albert area encounter oil and gas.

2007 – FDI net inflows reach a record 6.66% of GDP.

February 2010 – Uganda ratifies the African Union Convention for the Protection and Assistance of Internally Displaced Persons, also known as the Kampala Convention.

December 2012 – Critically endangered mountain gorilla population records 33% growth since 2006 in Uganda’s Bwindi Impenetrable National Park.

August 2013 – Construction of the 600-MW Karuma Hydroelectric Power Station, projected to be Uganda’s largest power generating infrastructure by 2022, begins.

2014 – Census shows that 32% of population take part in monetary economy, up from 4.6% in 1969. 

November 2018 – Uganda ratifies African Continental Free Trade Area (AfCFTA) agreement.

March 2019 – 183-MW Isimba hydropower plant starts commercial operations.

September 2019 – Tourism revenue reaches USD 1.6 billion in the 2018-2019 financial year, making the sector Uganda’s top foreign currency earner for the fifth year in a row.

December 2019 – FDI flows to Uganda reach a record high of USD 1.3 billion.

August 2020 – Uganda joins the Extractive Industries Transparency Initiative.

February 2021 – Ugandan 2020 coffee exports reach 5,492,525 60-kilogram bags, seeing highest yearly increase since 1991.

April 2021 – Uganda, Tanzania, TotalEnergies and CNOOC sign key agreements paving the way for EastAfrican Crude Oil Pipeline construction and development of upstream Tilenga and Kingfisher projects.

February 2022 – Uganda, Tanzania, TotalEnergies and CNOOC announce Lake Albert and EACOP projects’ FID.

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