We are here for the good of the local capacity development
While speaking at a Tullow Group Scheme Alumni dinner in Kampala, Mr Jimmy Mugerwa noted that Tullow Oil has spent more than US$300m (Ugx1.122 trillion) on about 600 local suppliers for its operations in Uganda.
Mr Mugerwa said the oil company has been instrumental in promoting social investments, especially in strengthening the local economy through different activities.
Tullow Oil has spent in the excess of US$300m (Ugx1.122 trillion) to support the growth of local businesses as well as ensuring that they are self-sustaining. Tullow entered Uganda in 2004 following the acquisition of Energy Africa.
It has been an active member in Uganda’s oil sector since entering the Lake Albert Rift Basin after it acquired a license from Hardman Resources in 2007.
Tullow has invested up to a tune of more than US$5m (Ugx18.7b) in shared infrastructure and logistics projects to benefit local communities in the area of health and education in Hoima and Buliisa districts.