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 […]
South Sudan has announced a tender for a comprehensive environmental audit of all the country’s producing oilfields. The Petroleum Act of 2012, enacted a year after independence, governs the oil sector in South Sudan. The Act is designed to better manage the environmental impact of the sector after years of neglect prior to independence, and […]
The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of […]
One of Malawi’s first solar projects has reached financial close after attracting investment volume totalling $67 million USD. Initial site works have begun in Nkhotakota, and construction of the first phase is targeted for completion by March 2020. Once complete, the project will add 46 MW of clean energy to the local power supply. Developed […]
Genel, the company exploring oil in Somaliland is targeting to get over two billion barrels. In August 2012, Genel was awarded an exploration license for onshore blocks SL-10-B and SL-13 in Somaliland, with a 75% working interest in both. Genel extended its presence in November 2012 with the acquisition of 50% participating interest in the […]
The World Bank has considered a Management Report and approved a Management Action Plan that responds to an independent Panel Inspection of the Uganda Energy for Rural Transformation III and Water Management and Development Projects. The Inspection Panel’s investigation was in response to a request filed by complainants alleging harm caused by the construction of […]
Ministers from Somaliland administration and delegates from the infrastructure, energy and the extraction industry are in Nairobi, Kenya for the investment forum that kicked off yesterday. The Somaliland administration will be hoping to woo investors into the internationally unrecognized country to explore the massive resources it has to offer. Key among the speakers in the […]
East Africa and the Indian Ocean have witnessed substantial discoveries of oil and gas in the last decade, but the full potential of the region has yet to be realized. Two of the regions brightest projects are located on the south-east coast of the continent in Tanzania and Mozambique. The massive Coral South FLNG Project […]
Irene Muloni, Uganda’s Minister for Energy and Mineral Development, has revealed that 90% of Uganda’s energy mix is from renewable sources. “There is vast potential for renewable energy sources from the various water bodies in the country,” she noted. This was during the Ministerial Panel at the 26th Africa Oil Week (AOW) 2019 in Cape […]