A World Bank pledge of a $ 600 million injection into the Uganda-Kenya gas pipeline construction deal went to the annals of history as among the major oil infrastructure investments in the region. As states in the East African Community (EAC) bloc move to tackle major economic challenges a head of integration, the oil and
Mutebile’s take on volatility of oil prices and their effect on Uganda’s economy
This Speech by Prof. Emmanuel Tumusiime Mutebile, Governor, Bank of Uganda was delivered at the Dialogue on the Impact of Oil Price Volatility and its Implications for the Economy and for Macroeconomic Stability at Protea Hotel Kampala on February 25, 2O15 We bring you the full speech here below [toggle title=”Introduction” state=”open” ]Good afternoon ladies
Uganda’s unending oil tax disputes: will URA survive another Total Disaster
[dropcap]T[/dropcap]he tax dispute between Total E&P Uganda is just another in a series of Tax Disputes that the Uganda Revenue Authority has had to deal with in the past 5 years. The good news is that so far Uganda’s Tax body has always come out victorious and most remarkably in the Heritage case in which
Tullow’s job cuts: it was only a matter of time
The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil
Activists want mining companies to prevent abuse of rights in their operations
The constitution under A.26 guarantees the right to property and provides that no person shall be deprived of their property without prompt and adequate compensation yet some business enterprises have either ignored this fact or blatantly sought to abuse the rights of citizens. In a workshop organized by the Advocates Coalition for Development and Environment,
So Kenya bought a 2.5% stake in Uganda’s Oil refinery but why really?
Kenya bought 2.5% stake in Uganda’s Oil Refinery and that is supposed to be good news. Indeed it is good news. Actually, Kenya’s decision to get a stake in Uganda’s Oil Refinery, a couple of weeks after RT Global Resources was selected to construct the refinery goes against the notion that Kenya would oppose Uganda’s
Cultural institutions strife: It’s not about monarchies but control over natural resources
By Muhindo James A day after police made public a plot to poison the King of the Great Bunyoro Kitara Kingdom, Omukama Solomon Iguru Gafabusa, I was astonished to read a pronouncement by Prince David Kijanangoma of Tooro in light of his resolution to over throw Tooro Kingdom’s youthful Monarch, Omukama Oyo Nyimba Kabamba Iguru.
The slump in global oil prices: was it the wake-up call Uganda needed
February was a fairly busy month for anyone keen on developments in Uganda’s Oil and Gas sector. Obviously Tullow Oil released its 2014 Full Financial Year Results as anticipated- the kind that Tullow would love to forget. Uganda’s cabinet approved the first open licensing round for petroleum exploration putting some six blocks up for grabs
The oil curse; are Uganda’s youths feeling the pinch?
The recent activities of Jobless Brotherhood, the National Association of the Unemployed, NRM Poor Youth and the Uganda Youth Liberation Front have caused concerns that Uganda’s youth could become a disestablishing factor if widespread unemployment is not solved especially as the country starts to exploit oil and gas resources. Some experts have warned that this you
How to get a job and land opportunities in the Oil and Gas sector
Following the slump in Oil and Gas prices, companies like Tullow Oil have been downsizing and if there is any time when it is hard to get opportunities in the Oil and Gas Sector, then such is the time. However despite the ‘evil times’ in the sector there are still opportunities that exist in the