Zimbabwe has seen protests in various cities on Monday following the more than double increase in the prices of petrol and diesel in the country. Protesters began by burning tyres and boulders in the cities of Harare and Bulawayo showing their anger over President Mnangagwa. Mugabe’s successor came to say that the increase in the […]
A Chinese state-owned company, China Railway 17th Bureau Group Company has pledged to partner with a local contractor in the construction of the 95km Kampala – Jinja expressway (KJE). Mr He Ping, the company’s chairman for Africa business led a delegation to President Yoweri Museveni‘s home in Rwakitura and promised to finance the project. “if […]
The Uganda Government has entered into a deal with an American-based company, CTI Africa, to start manufacturing smart mobile phones in Uganda. The phone production will be conducted by LifeMobile, which is also a member of CTI Africa on 6th Street in Industrial Area. The announcement was made by Evelyn Anite, the Minister of State […]
Investors from the United Kingdom have paid a second visit to Uganda to pave way on how they can improve their chances at acquiring some shares from the Uganda oil and gas sector The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on […]
Total East Africa Midstream has warned the general public to be cautious while accepting jobs advertised in relation to the Tanzania-Uganda crude oil pipeline project, saying most are fakes. Total has learnt that various companies have started assuring people that they can help them secure jobs from the East African Crude Oil Pipeline (EACOP) project. Unknown […]
Uganda National Oil Company (UNOC) is looking for a transaction advisor to guide the development of a multi-user storage terminal in Kampala. The state-owned company acquired land on the outskirts of Kampala for a $70-million terminal that will serve as a distribution centre for imported petroleum products. The terminal will have an initial capacity of […]
Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries. In the talk session hosted by the National Oil Corporation of Kenya (NOC) , the companies shared experiences and ways of maximizing the benefits that come with […]
The State Minister of Finance for Planning, Hon David Bahati, has declared that Uganda’s public debt is at Shs41 trillion, which is an equivalent of US$10 billion. In a statement to Parliament read by Bahati, government also said the debt stock has increased from US$2.5 billion in the 2006/2007 financial year to US$10.7 billion by the end […]
The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of 10 per cent […]
Uganda insurance companies have formed a body that will extend insurance covers to the companies involved in the Uganda oil and gas industry The coordinator of Oil and Gas Uganda Insures Association, Ms Margie Lokowe, in an interview with Daily Monitor, said Uganda insurance companies have already formed a consortium in preparations of providing insurance […]