The Government of Uganda is planning to use tax payment from Tullow oil to finance the construction of the much awaited Karuma Dam in northern Uganda. Kaith Muhakanizi, the deputy secretary to the treasury while addressing journalist said that the government’s position is to use the money to build the proposed Dam that has had […]
The government of Uganda has been advised by the International Monetary Fund’s (IMF) to desist from ignoring other sectors of the economy in favor of the oil sector to enable proper growth and development of the economy. Uganda recently discovered oil in the western Uganda Abertaine region worth billions of barrels. Commercial exploitation is expected […]
Environmental activists are planning to present a petition to President Yoweri Museveni demanding that the production sharing agreements from the oil exploration process be made public. Led by the Uganda’s Shadow Minister of Environment, Beatrice Anywar, the activists want to compel government to reveal to the public the contents of the agreement. Anywar, who is […]