More than 20% of the Democratic Republic of Congo's mining revenue is being lost due to corruption and mismanagement, a campaign group says. According to a Global Witness report, the money is being distributed through corrupt networks linked to President Joseph Kabila. At least $750m (£580m) has gone missing over
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Uganda's President Yoweri Museveni has stressed the need to lower the cost of production for the private sector led growth to yield positive results. The President made the observations onFriday at State House, Entebbe during a meeting with envoys of the European Union in Uganda who were led by the
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The Petroleum Authority of Uganda has released a list of 293 local and international companies cleared as suppliers of various goods and services in Uganda’s burgeoning oil and gas sector. A number of Ugandans have in the past complained of lack of transparency in the oil and gas sector, but
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The Kenyan government has delayed plans to start crude oil production and exports until the government passes an amended law that includes setting out how revenues will be shared between national and county government and local communities. The law is expected to be in place by late September, when a
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By Peter Abaanabasazi Cultural leaders from Bunyoro Kitara Kingdom, Alur Kingdom and Ker Kwaro Acholi have demanded government to share information regarding the oil and gas sector. Cultural leaders, who recently launched of policy guideline aimed at protecting cultural rights of communities in the oil-rich Albertine Graben, accuse government of
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The Government of Uganda through the Ministry of Energy and Mineral Development has signed the Memoranum of Understanding (MoU) with the Russian state Atomic Energy Corporation(ROSATOM) on the cooperation in the peaceful uses of atomic energy. A statement issued by Uganda’s energy ministry on Tueday, the MoU was signed on
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Hass Petroleum Group has sold 40% of its shares to Oman Trading International (OTI). A statement from the company indicates that the move will allow the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa. The Group will invest
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Corruption, mismanagement and political influence are undermining investment in Uganda’s mining sector and threatening people and environment, Business Focus reveals. The Global Witness report released on Monday (June5, 2017) indicates that pervasive corruption in Uganda’s mining sector allows crooked officials and the investors they partner with to profit at the expense
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Vivo Energy Uganda has recruited Gilbert Assi as its new Managing director, Business Focus reveals. Assi replaces Hans Paulsen, who has been at the helm of the company over the past three years. Vivo Energy Uganda is the company that distributes and markets Shell branded fuels and lubricants. According to
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The Government of Uganda has insisted that Uganda will have its oil out of the ground come 2020 despite many analysts and Ugandans have their reservations about the set deadline. This assurance was revealed by Eng. Irene Muloni, Uganda’s Minister for Energy and Minerals during the signing of the Intergovernmental
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