FREEDOMS of BUNYORO-KITARA KINGDOM - Honorary Freedom of the City of Hoima
Hoima is located approximately 225 kilometres, by road, northwest of Kampala, Uganda's largest city, on an all-weather tarmac highway. The coordinates of the town are: 01 25 55N, 31 21 09E.
Hoima is a town in Western Uganda. It is main municipal, administrative and commercial centre of Hoima District in Uganda. It is also the location of the Royal Palace of the Omukama of Bunyoro-Kitara Kingdom.
Between 2000 and 2009, a considerable amount of oil deposits, estimated at between 2 billion to 2.5 billion barrels have been discovered in Lake Albert and on the shores of the lake, in Hoima District and neighbouring Buliisa District. A mini refinery is planned near Hoima to produce thermal electricity by burning "heavy fuel", a by-product of the oil refining process. The developers of the oil field have not decided if they will refine the crude oil locally or export it for refining outside Uganda. Nonetheless, Hoima is poised to become a beehive of economic activity, as a result of the discovery of oil in the neighbourhood. As a result of the increased economic activity in the area, Hoima has been upgraded to Municipality status, with increased infrastructure to handle the new businesses and new residents. Land prices, rental rates and other real estate costs in Hoima have gone up in the recent past, as demand for real estate in the town and surrounding areas has increased.
- Buseruka Power Station, Barclays Bank, Centenary Bank, DFCU Bank, Equity Bank, Kenya Commercial Bank, PostBank Uganda, Stanbic Bank, Pride Microfinance Limited, Hoima Regional Referral Hospital