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SHS2 TRILLION DEAL! Total Acquires Tullow Entire Interests In Uganda Lake Albert Project

Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline.  The overall consideration paid by Total to Tullow will be $575M (Shs2.1 Trillion), with an initial payment of $500M at closing

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Analysis & OpinionsFeatured

Winners & Losers In Uganda’s Shs45 Trillion 2020/21 Budget Revealed

Finance Minister Matia Kasaija will read the national budget in June Uganda’s projected budget for 2020/21 Financial Year is estimated at Shs45.149Trn which is an increase of 12.36% from the 2019/20 budget.  The Total Domestic resources will constitute 72.5% while external funding will constitute 27.5%. Sectoral Allocations According to Parliament's

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