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Freight and logistics firms prepare to tap into oil opportunities

September 10, 2019 / JULIUS BUSINGE

As Uganda slowly moves towards commercial oil production, companies in the freight and logistics sector are preparing their staff, investing heavily in information technology as well as standards to tap into the multi-billion sector. “Oil and gas is a big thing; it is going to be big business; for us we are ready and prepared,” Humphrey Asiimwe, the general manager at Multilines International Limited, a logistics company told The Independent in an interview. Asiimwe said they have invested heavily in training staff on matters clearing and forwarding to be able to serve in the sector and in the oil and gas. The company is also embracing partnerships by belonging in groups like Uganda Freight Forwarders Association. They have attained trade facilitation status – the Authorised Economic Operator (AEO) – from the URA to facilitate faster clearing of goods.