Ugandan insurers are slowly making inroads in taking up risks in the oil and gas sector despite the challenge. By the end of 2023, Ugandan insurers were operating in the Tilenga, Kingfisher, and East African Crude Oil pipeline projects though there was an indication of challenges with getting bigger foreign
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Former Benin PM Lionel Zinsou Lionel Zinsou, a former Prime Minister of Benin, is set to undertake the evaluation of the land compensation processes carried out by TotalEnergies EP in Uganda and Tanzania. The land acquisition was meant to pave the way for the development of the Tilenga oil and
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Boda boda operators queue as they await their turn to be served by an attendant at a petrol station in Uganda’s capital Kampala, on January 18, 2022. FILE PHOTO | AFP Kenya is lobbying Uganda to continue using the port of Mombasa to import fuel when the neighbouring country starts
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The value of foreign direct Investments (FDI) into Uganda grew by almost 80 percent in 2022, the bulk of the money going into oil and gas and related activities, this is according to the latest joint government report. The survey conducted by the Bank of Uganda, Uganda Investment Authority, and
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By Ali Ssekatawa The curtains have fallen on COP28 Climate Summit, leaving in its wake a mixed bag of accomplishments and unmet aspirations. Over two weeks of intense negotiations in Dubai, representatives from nearly 200 nations converged, culminating in an agreement heralding a pivotal step toward a fair, orderly and
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Construction work underway at Kabalega International Airport/Business Focus photo The completion of Kabalega International Airport in Hoima district, has suffered delays, pushing the handover to February next year. The contractor, a joint venture of Israeli-British firms, Shikun & Binui International-SBI/Colas Limited, had initially planned to officially hand over the airport
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By NJ Ayuk To meet their green agendas, the European Union, United States, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa
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By Ali Ssekatawa We do not usually think of history as being shaped by silence, all that is necessary for evil to prevail is for a few good men to do nothing. The United Nations Climate Change Conference (COP28) kicked off in earnest on November 30 in the United Arab
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A walking rig in Tilenga/Business Focus photo The government has applied to the court seeking an order to evict landowners in Buliisa and Hoima who have refused compensation to enable the development of the Tilenga Oil project. The last move by the Attorney General followed a long-standing disagreement with 42
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By NJ Ayuk, Executive Chairman, African Energy Chamber When examining how fossil fuel exploration, production, and usage differ between African and more developed nations, the contrast is so stark that it essentially defines the core mission of the African Energy Chamber (AEC). We exist not to bring these rates on
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