President Museveni a few months ago launched the oil rig at Kingfisher in Kikuube District. The Kingfisher area is operated by CNOOC Uganda Companies working to develop oil and gas in the Albertine region are bitter that their suppliers have hiked prices for food. The companies have indicated to our
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A keynote speech by Lyle Horsley, Head of Fintech at the South African Reserve Bank and Chairperson of the Inter- governmental Fintech Working Group, at the 8th Africa Fintech Summit last November in Cape Town, South Africa. The Africa Fintech Summit is pleased to announce that its 10th edition will
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Two joint partners in Kenya’s quest for oil in Turkana have quit the project, exerting new pressure on the main operator Tullow Oil, which has been unable to take the exercise off the ground after the British oil explorer ran out of cash. Africa Oil says it abandoned the Kenya
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Tullow Oil, the global independent oil and gas firm says it is to assume a 100% stake in Kenya’s South Lokichar Basin project. On Tuesday, Tullow Kenya said it has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T, and
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SMART ACCESS app officials officially unveiling the new app A new digital innovation to assist clients, health facilities and insurance companies access information concurrently has been launched in Uganda. The new technology dubbed SMART ACCESS app, will be easier for patients to search and locate the nearest medical providers at the click of
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Participants take a group photo in front of the Muteesa 1 Royal University Library The Director of Research and Post Graduate Studies at Muteesa 1 Royal University in Uganda has revealed that Africa’s research capacity is too low and something has to be done. In a thought-provoking statement, Dr. Aisha
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Regarded as a pioneering and leading fintech platform, M-KOPA’s solutions provide underbanked customers with instant access to everyday products and services via its flexible credit model. M-KOPA’s customers are able to acquire a broad range of productive assets such as high-quality smartphones, solar powered systems, electric motorbikes as well as
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Participants in a group photo after the workshop Between US$ 700, 000 and US$ 1 million (Shs3.72bn) is lost globally in cybercrime per hour. Isheanesu Sithole from the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) made the revelation in an exclusive interview with Business Focus on the sidelines of a recent workshop on Cyber
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Energy Minister Ruth Nankabirwa hands over the exploration license to M/S Armour Energy Uganda (SMC) Ltd official (Left) as Finance Minister, Matia Kasaija looks on The Government of Uganda has earned US$ 2 million (about Shs7.44bn) from the second oil licensing round in the Turaco Block. While issuing the Production Sharing Agreement to M/S
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The East African Crude Oil project is seeking a 1.8-billion-dollar debt for construction to take off. The project has been estimated to cost between $3.5 billion and $4 billion, of which 60 percent comprises debt raising and 40 percent equity. Energy and Minerals Development Minister, Ruth Nankabirwa on Friday said
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