Courtesy of the Wall Street Journal, a report on Uganda’s and other African nations’ fossil fuel ambitions: A herd of elephants stomped through savannah grasslands to the throbbing sounds of bulldozers preparing oil wells that will soon start feeding a 900-mile pipeline from this wildlife and nature reserve. The $10 billion project has become a flashpoint […]
Read more »Via Oil and Gas Daily, a report that Uganda issued a licence for the construction of a controversial $3.5 billion pipeline set to carry crude oil from the East African country to international markets: Uganda has issued a licence for the construction of a controversial $3.5 billion pipeline set to carry crude oil from the East […]
Read more »Via Quartz, a report that Uganda has turned to Turkey to build its railway after talks with Chinese firms fell through: Uganda has canceled all contractual work it signed with China Harbour Engineering Company to build a 273-kilometer standard gauge railway (SGR) from its border with Kenya to its capital in Kampala, after the project failed to kick off […]
Read more »Via Quartz, a look at Uganda’s promising financial sector: Kampala could soon dislodge Nairobi from its status as the financial capital of eastern Africa if Uganda continues with measures that have seen it rise to become the regions’ most developed financial sector. This is according to the sixth edition of the 2022 Absa Africa Financial Markets […]
Read more »Via The Africa Report, an article on Uganda’s determination to proceed with an oil pipeline mega-project despite European criticism: Uganda’s President Yoweri Museveni announced on 16 September that the Lake Albert oil megaproject, planned with the French group TotalEnergies, would go ahead despite a European Parliament resolution criticising “human rights violations” against opponents. The project “will […]
Read more »Via The Ugandan Monitor, a report on Ugandan President Museveni pledge to support Somalia in its bid to join the East African Community (EAC) : President Museveni has pledged to support Somalia in its bid to join the East African Community (EAC) and exploit trade opportunities that exist in the region. Mr Museveni said Somalia […]
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