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BY: PROF. MAGGIE KIGOZI, EXECUTIVE DIRECTOR, UGANDA INVESTMENT AUTHORITY

EAST AFRICA: INVESTMENT OPPORTUNITIES IN EXTRACTIVE INDUSTRIES. BY: PROF. MAGGIE KIGOZI, EXECUTIVE DIRECTOR, UGANDA INVESTMENT AUTHORITY. East Africa: Strategic Location. Minerals of East Africa.

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BY: PROF. MAGGIE KIGOZI, EXECUTIVE DIRECTOR, UGANDA INVESTMENT AUTHORITY

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  1. EAST AFRICA: INVESTMENT OPPORTUNITIES IN EXTRACTIVE INDUSTRIES BY: PROF. MAGGIE KIGOZI, EXECUTIVE DIRECTOR, UGANDA INVESTMENT AUTHORITY

  2. East Africa: Strategic Location

  3. Minerals of East Africa • East Africa is endowed with favorable geological conditions associated with a rich and diverse mineral resource base. • Notable mined mineral resources include: Beryllium, Bismuth, Columbite – Tantalite, Copper, Clay, Glass sands, Gold, Gypsum, Lead – Zinc ores, Limestone, Lithium, Marble, Mica, Phosphates, Silver, Uranium, Coal, Iron Ore, Platinum, Tin, Tungsten, Salt, Vermiculite, Oil, Cobalt, etc.

  4. Why East Africa? • Resource Rich • Productive, competitive labour • Markets

  5. Mining Opportunities in East Africa: Metallic Minerals • Beryl • Bismuth • Columbite Tantalite • Copper • Chromite • Diamond • Gold • Iron Ore • Tin (Cassiterite) • Wolfram (Tungsten) • Cobalt

  6. Mining Opportunities in East Africa: Industrial Minerals • Limestone • Marble • Mica • Phosphates • Rock Salt • Silica Sand • Talc • Vermiculite • Asbestos • Clay • Diatomite • Feldspar • GraniteGnesis • Graphite • Gypsum • Kaolin • Kyanite

  7. Mining Opportunities in Tanzania:

  8. Mining Opportunities Rwanda & Burundi

  9. Mining Opportunities in Uganda

  10. SUCCESS STORIES: Hima Cement Ltd - Clinker and Cement Production in ‘000s tonnes : Pre and Post acquisition

  11. Anglo/El-Hillal 2.25 M oz gold Afrika Mashariki 2.0 M oz. gold Barrick/Anglo 21.3Mt 2.18%Ni Ashanti Goldfields 12.1M oz. gold BarrickPangea 2.2 M oz. gold Barrick Gold 10.4M oz. gold Anglo/Pangea/Madaba 2.0M oz. gold Resolute 2.4M oz. gold Success Story … Continued7 World Class Gold Mines producing more than 50 Metric tones of gold per year have already been established in Tanzania

  12. Opportunities in Value-Addition to Minerals • Gold refineries • Gemstone cutting and polishing (Lapidary) • Jewellery manufacturing utilizing locally produced gold and gemstones

  13. Petroleum Investment Opportunities • Exploration • Extraction • Infrastructure • Refinery • By Products • Energy Generation • Skills training institutions

  14. Kenya’s major Oil & Gas sites Kenya’s Petroleum potential lies in the 4 sedimentary basins: Anza, Mandera, Tertiary Rift and Lamu

  15. Rwanda’s major Oil & Gas sites Rwanda, has hydrocarbon potential in North Western Rwanda and deep under Lake Kivu

  16. Uganda’s Major Oil & Gas Sites • What to know • Estimated Reserves: 6bn barrels of oil • 100k-150k Refinery planned to produce diesel, kerosene and heavy fuel oil • Principles for the Resource Management Law beingdeveloped. 17

  17. Oil and gas… continued Burundi: Recent seismic and magnetic surveys indicated possibilities of oil under Lake Tanganyika and the Rusizi basin Tanzania: significant gas discoveries have been made on the coastal shores of Songo Songo Island and Mnazi Bay.

  18. Regulatory Framework of Mining Sector • Updated transparent and consistent Mining Laws and Regulations • Established Mining Authorities to avoid bureaucratic delays • Strict observation of Environmental Concerns- EIA approved by the respective NEMAs are required for all mining activities

  19. Attractive Investment Incentives • Capital allowances up to 75% • Mineral Exploration Expenditure Allowance – 100% • Training Expenditure Allowance – 100% • Deductible Annual Allowance • Import duty exemptions • Duty draw back facilities • First arrival privileges • Externalization of funds allowed • Investment trader facility • Tax holiday for value added exporters • Withholding tax exemptions on interest, raw materials, plant & machinery • PPPs • CDM • Transparent public procurement procedures with international bidding

  20. Constraints in Mining Sector • Access to affordable finance • Infrastructure (esp. roads and rail) • Land Acquisition – and the related compensation costs • Lack of local skilled manpower (esp. Oil exploitation)

  21. Infrastructure/Logistics/Transport Sudan Uganda Kenya DRC KIBP Rwanda Tanzania Burundi Mombasa

  22. Success Stories: Some Banks in East Africa • Exim Bank • Global Trust Bank • Fina Bank • Eco Bank • National Bank of Commerce • Standard Chartered Bank • Stanbic Bank • Barclays Bank • Equity Bank • Kenya Commercial Bank • Citi Bank • Bank of Africa • United Bank for Africa • Diamond Trust Bank • Bank of Baroda

  23. Success Stories: Airlines in East Africa • Virgin-Atlantic • Emirates • Ethiopian Airlines • Saudi Air • Qatar • KLM • Kenya Airways • British Airways • Air Uganda • Rwandair • South Africa Airways • Brussels Airlines/Lufthansa

  24. Some Multinational Mining Companies in East Africa TanzaniteOne

  25. Mwebale nnyo! Ahsante! Merci! Thank You!

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