Uganda is in talks to finance the building of a $4bn oil refinery with Dubai-based Alpha MBM Investments after having failed to secure funding for the project last year, leading to a consortium that included a division of the US firm Baker Hughes to withdraw. “Expressions of interest were received from several potential investors, and they were evaluated following which a memorandum of understanding was signed [in December 2023],” Minister of Energy and Mineral Development Ruth Nankabirwa told a news conference on Tuesday (January 23, as reported by Reuters. Kampala was forced to seek new fund…