Daily Monitor
Tuesday May 04 2021
Summary
Here are some key issues that must be considered in setting up such joint ventures between local enterprises and the international companies.
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As Uganda’s oil project passes critical milestone on the road to commercial production, it is a key objective of the government to entrench local participation in the sector employment and supply chain opportunities. This is intended to maximise the economic benefits of oil development for the people of Uganda. It is, however, inevitable that some of the supplies will be sourced abroad because they are not locally available. Though this positions international enterprises better for these opportunities, they must bid in conjunction with local firms to conform to national content requirements. This article highlights some of the key issues that need to be considered in setting up such joint ventures between local enterprises and the international companies.