Minerals & Mining - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Wed, 31 Oct 2018 10:27:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 UK Investors struggle to get Shares in Uganda oil sector https://www.weinformers.com/2018/10/31/uk-investors-struggle-to-get-shares-in-uganda-oil-sector/ https://www.weinformers.com/2018/10/31/uk-investors-struggle-to-get-shares-in-uganda-oil-sector/#respond Wed, 31 Oct 2018 10:27:12 +0000 http://www.weinformers.com/?p=54092 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 […]

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The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on Monday on a trip organised by the director of the non-profit Energy Industries Council,Mr Terry Willis.
The discussions centered at how the firms can scoop some deals for contractor, supplier or operator businesses.
The UK Prime Minister’s Trade envoy for Uganda and Rwanda, Lord Dolar Popat, while at the British High Commissioner’s residence yesterday, confirmed that they were to meet President Yoweri Museveni Monday evening.
“I want to see the UK revive and restore its trading relationship with Africa, which not so long ago accounted for 25 per cent of our Gross Domestic Product, but which has lamentably fallen to barely 3 per cent,” Lord Popat said.
“As we (UK) prepare to leave the European Union, we have no choice but to be bold, enterprising, forward-looking and outward-reaching. The oil and gas sectors offer some of the most exciting possibilities for the UK, and my job is to connect British businesses to those possibilities.” He added.

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]]> https://www.weinformers.com/2018/10/31/uk-investors-struggle-to-get-shares-in-uganda-oil-sector/feed/ 0 Mps want Kuteesa to explain $500,000 oil bribe https://www.weinformers.com/2017/12/13/mps-want-kuteesa-to-explain-500000-oil-bribe/ https://www.weinformers.com/2017/12/13/mps-want-kuteesa-to-explain-500000-oil-bribe/#respond Wed, 13 Dec 2017 09:35:59 +0000 http://www.weinformers.com/?p=50549 Opposition MPs have asked the foreign Affairs minister Sam kahamba Kutesa to explain to parliament the alleged bribe case on helping a Chinese energy company getting unlicensed oil blocks in Uganda. The matter was raised by the Member of Parliament for Ntungamo municipality Gerald karuhanga on the floor of parliament in the Tuesday session chaired […]

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Hon. Sam Kutesa allegedly received the $500,000 bribe while he wascserving as president of the U.N. General Assembly

Opposition MPs have asked the foreign Affairs minister Sam kahamba Kutesa to explain to parliament the alleged bribe case on helping a Chinese energy company getting unlicensed oil blocks in Uganda.

The matter was raised by the Member of Parliament for Ntungamo municipality Gerald karuhanga on the floor of parliament in the Tuesday session chaired by the speaker of parliament Rebecca Kadaga.

Karuhanga was supported by Hon Theodore Ssekikubo calling for Minister Sam Kutesa to make a personal statement over this report to clear his name which has been in the media for bad reasons.

However the deputy Attorney General Mwesigwa Rukutana blocked karuhanga’s plea on ground that his assertion on Kutesa was not based on formal official document but only media reports which cannot move parliament to make a decision on the matter.

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The speaker of Rebecca Kadaga ruled that she will look at all the documents on this case a give her final ruling.

Mr. Sam Kutesa was named in US court documents as having allegedly received a $500, 000 (about Shs1.8 billion) bribe to help a Chinese energy company secure business advantages in Uganda, including the potential acquisition of a Ugandan bank.

According to the allegations, Kutesa solicited the payment from Ho, purportedly for a charitable foundation that he wished to launch. In around February 2016, the money was then wired to Kutesa’s account through a bank in New York

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