Uganda's President Yoweri Museveni has called for more cooperation among oil and gas producing African countries. He was this morning addressing the joint oil and gas convention and regional expo at the Kampala Serena Hotel. The President of Equatorial Guinea, Mr. Teodoro Obiang Nguema Mbasogo, also addressed the convention before
Read More
Uganda and Equatorial Guinea have entered a wide range of agreements that will see the two countries expand their ties in oil and gas management, economic and technical cooperation, among others The agreements were signed at the conclusion of bilateral talks between Uganda's President Yoweri Kaguta Museveni and President Teodoro
Read More
Members of Parliament (MPs) on the Committee of Statutory Authorities and State Enterprises (CoSASE) are set to meet Uganda’s President, Yoweri Museveni at State House, Entebbe today over his role in the Shs6bn oil handshake, Business Focus has established. Led by Committee Chairman, Abdu Katuntu, the lawmakers are set to ask
Read More
The construction of 15 oil roads in the Albertine Graben ahead of oil production anticipated in 2020 hangs in balance following Parliament’s refusal to okay funding for what has been termed as ‘ghost roads’, Business Focus reveals. According to the final Budget Framework Paper for 2017/18, the government f Uganda
Read More
Fresh shocking details have emerged regarding the Shs6bn presidential handshake indicating that London law firm hired to defend Uganda during the oil tax case against Heritage Oil Company received but never remitted the US$4m (about Shs14.4bn) in costs to the Ugandan Government. This revelation follows the probe into the Shs6bn
Read More
The ongoing Shs6bn presidential handshake by the Parliamentary Committee on Statutory Authorities and State Enterprises (COSASE) continues to unearth shocking information. The latest is that Uganda’s Ministry of Justice and Constitutional Affairs paid out Shs2.73bn to ghosts during the arbitration case between Heritage Oil and Uganda Revenue Authority (URA). Documents
Read More
Uganda Revenue Authority (URA) has admitted that London law firm that Uganda government paid Shs2.5bn in the oil case didn’t provide a legal opinion, raising fears that the lawyers may not have carried out the assignment. This shocking revelation was made by Doris Akol, the URA Commissioner General while appearing
Read More
By Peter Abaanabasazi A bitter row involving Hoima District Local Government, Bunyoro Kitara Kingdom and the Church of Uganda has erupted over Shs7bn compensation to persons and institutions affected by the Kigumba–Masindi–Hoima–Kabwoya Road Project. The road in question is one of the many oil roads being upgraded and tarmacked ahead
Read More
By Peter Abaanabasazi (more…)
Read More
A lot of mess continues to unfold in the ongoing probe into the Shs6bn Presidential handshake. The probe took a new twist when it was revealed that the London law firm hired to defend Uganda was paid by two Government entities to handle the same case. The revelation of the
Read More
