Uganda signs US$400M deal for a green hydrogen-based fertiliser plant to reduce imports
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Media Source: Further Africa
Date: 27 February 2024
The government of Uganda through the Ministry of Energy and Mineral Development has signed a $400 million deal with Industrial Promotion Services Kenya Limited (IPS) and Norwegian Westgass Internasjonal AS for a green hydrogen-based fertilizer plant, aimed at reducing the country’s dependence on fertilizer imports. IPS
The government of Uganda through the Ministry of Energy and Mineral Development has signed a $400 million deal with Industrial Promotion Services Kenya Limited (IPS) and Norwegian Westgass Internasjonal AS for a green hydrogen-based fertilizer plant, aimed at reducing the country’s dependence on fertilizer imports. IPS is the industry and infrastructure development arm of the Aga Khan Fund for Economic Development (AKFED) and has 60 years of experience with industry and infrastructure in Africa. Ruth Nankabirwa, Minister of Energy, said, “This project extends beyond agriculture realms as we aim to reduce the country’s dependence on imported fertilisers, therefore strengthening economic resilience and sovereignty with an estimated investment of about $400 million (Ush1.55 trillion).”