Via Quartz Africa, a look at the realities behind China’s debt financing of African infrastructure: Late last year, local and international media reported that Uganda’s Entebbe International Airport was at risk of being taken over by China upon default on a loan for the upgrade and expansion of the airport. The controversial news was even turned into a skit by […]
Read more »Via The Economist, a report on a large scale Ugandan oil project: Soon more than 200,000 barrels of oil a day will flow through Fred Lubowa’s garden: past his tin-roofed house, under his banana trees, and beneath the spot which currently houses the family graves. But for now the only sign of the disruption to […]
Read more »Via Oil and Gas Daily, a report on a planned large investment in Uganda’s oil sector: Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way […]
Read more »Via Oil and Gas Daily, a report on a recently announced Sino-French African pipeline deal: French green groups on Monday denounced a newly inked multi-national accord to build a massive crude oil pipeline in East Africa, warning of huge environmental risks. The Ugandan and Tanzanian governments joined oil companies Total of France and China’s CNOOC […]
Read more »Via Quartz, an article on Covid’s impact upon several African countries’ plans to fuel economic growth with oil and gas: When coronavirus forced the world into lockdown, it punched a hole in global oil demand and sent prices crashing to historic lows. The result was an overnight fiscal catastrophe for oil-dependent African economies like Nigeria that were accustomed […]
Read more »Via Oil & Gas Daily, a look at Uganda’s wait for seeing benefits from petroleum finds: It was the promise of oil — billions of barrels of black gold, discovered locked beneath Lake Albert — and the riches to follow that brought electricity to Buliisa. Roads, piped water, and other unthinkable luxuries came next, as […]
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