The UAE’s Alpha MBM to invest in Uganda refinery

KAMPALA, April 1, 2025 – UAE-based Alpha MBM Investments has reached an agreement with the government of Uganda to develop a crude oil refinery project in Kabaale, in the Hoima District in western Uganda, Uganda’s Presidential Press Unit announced on Saturday.

The project comprises a refinery complex designed to process 60,000 bpd and a storage terminal in Namwabula, in Mpigi District. The two facilities will be linked by a planned 212-kilometre multi-product pipeline.

Under the agreement, Alpha MBM will take a 60% stake in the project, and the Uganda National Oil Company will retain 40%.

“The refinery will create thousands of jobs, develop local expertise and serve as a springboard for industries such as petrochemicals and fertiliser production. It will also attract Ugandan businesses to participate in the supply of goods and services, boosting local enterprise development,” said Ruth Nankabirwa, Minister of Energy and Mineral Development.

Alpha MBM first announced its intention to take on the project in January 2024 when the international consortium leading the effort at the time was unable to secure financing. It is estimated that the refinery will require up to USD 4 billion to develop.

In addition to the refinery investment, Alpha MBM also entered into development agreements related to aviation, logistics, storage facilities and digital land management, among others.

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