Crude oil: Mac Optic, the outsider pledging billions to Museveni

摘要

By pledging to lend Uganda $10 billion inloans over several years in exchange forcrude oil, Greek concern Mac OpticInvestment Group is hoping to secure astrong foothold in Kampala. The funds couldcome just at the right time for the cashstrappedUganda National Oil Co (UNOC),which needs to bulk up its treasury todevelop various pipeline and refinery projects.They would also be put towardsPresident Yoweri Museveni’s power projectsand the Uganda National Roads Authority.