The World Health Organisation (WHO) has declared the COVID-19 outbreak a pandemic. At the time of writing, there are over 3 million confirmed cases across the world. Even the most optimistic analysts expect a global recession. Mining companies have been affected by COVID-19 outbreaks, and global restrictions to encourage social distancing have meant that mining […]
Total and Tullow have entered into an agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the […]
This year’s review meeting of the Presidential Investors’ Roundtable (PIRT) kicked off Tuesday this week, with both government officials and investors agreeing on the need to dialogue in order to have a win-win investment climate. The annual three-day review meeting at State House Entebbe is aimed at driving government ministries, departments and agencies to improve […]
The total installed power generation capacity in the COMESA region is 92,00 megawatts (MW) with Thermal power dominating at more than 69% and Hydro (large and small) accounting for 30%. This was disclosed during the 9th Annual General Meeting of the COMESA Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) that began […]
The pressure is building to phase out fossil fuels in Africa to fight climate change. Organizations ranging from the World Bank to the European Investment Bank (EIB) have dropped support for African fossil fuel production in hopes of encouraging a transition from oil, gas and coal to sustainable energy sources like wind and solar power. […]
Dr Diana Atwine, the Permanent Secretary of the Ministry of Health (MoH) last week led a team from the Petroleum Authority of Uganda (PAU) and the Ministry of Health and other key stakeholders in an assessment of health facilities along the East African Crude Oil Pipeline (EACOP) corridor. “The objective of this visit is to […]
Civil Society Organizations (CSOs) advocating for transparency in government expenditure have said that if the Government wants to address all weaknesses in the assessment and collection of royalties from the mining sector, they must recruit Mining Inspectors. While addressing the media this morning at the Civil Society Budget Advocacy Group (CSBAG), Cissy Kagaba the Executive […]
Alex Kakooza, the Permanent Secretary (PS) to the Ministry of Education and Sports (MoES) has launched an association bringing together all individuals, academic training institutions and the training service providers in the Oil and Gas sector from the Government and private sectors. In his remarks, Kakooza noted the need for the Government and private sector […]
African heads of state and government are convening at the annual African Union (AU) summit, and issues related to the continent’s economic growth and development are front and centre. But leaders also must ensure that their growth agenda is linked to the global challenge of urgent action on climate change. This is particularly critical for […]
Stanbic Bank Uganda through its Business Incubator has entered into a partnership with the Uganda National Oil Company to promote national content through the capacity building through offering business training for entrepreneurs, knowledge/sector information sharing and enterprise development. Speaking during the Memorandum of Understanding (MoU) signing ceremony, Stanbic Bank’s Chief Executive – Patrick Mweheire said […]
The Government of Uganda has taken a bold step through the Ministry of Water and Environment to cancel all titles that were issued in wetlands after the year 1995. While addressing journalists at Uganda Media centre, the Minister of Water and Environment, Sam Cheptoris said; “The Government of Uganda has taken a bold step to […]
Somalia has invited Turkey to explore for oil in its seas. Turkey President Tayyip Erdogan confirmed the invitation and said his country would take steps in line with the approach. “There is an offer from Somalia. They are saying: ‘There is oil in our seas. You are carrying out these operations with Libya, but you […]
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity […]