Parliament will have no control over oil funds, say MPs
Former Finance Minister and Senior Presidential Advisor on Finance and Planning, Ezra Suruma, has criticized the Public Finance Management Bill for vesting too much power in the office of the Minister...
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Oil spurs new business in Hoima
The new Motor Care Service Centre in Hoima (Photo: F. Mugerwa) With Uganda’s oil industry steadily progressing towards the development and production stages, companies are setting up shop in Hoima...
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Museveni makes U-turn on taxing extractives investments
Newly-appointed Chairman of the National Oil Company, Emmanuel Katongole, stresses a point at the conference. (Photo: Beatrice Ongode) In a complete turnaround to what he promised the mining industry...
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Hoima-Kaiso Tonya road completed
A section of the road as it passes through Buseruka Trading Center (Photo: F. Mugerwa) Construction of a 92-kilometer tarmac road that links Hoima town to the oil-rich Kaiso-Tonya area has been...
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Low oil prices forcing companies to lay off staff
Tullow Uganda’s drilling engineers at work. Such jobs are getting scarce as oil companies downsize amidst weak returns from low oil prices. (Photo: Tullow Oil Uganda) 2015 looks set to be the harshest...
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Why fuel prices will not reduce significantly in Uganda
Petrol pump prices in Uganda can only reduce by a maximum of UShs 210, only a 5.6% drop, and the new price would allow retail dealers to earn a margin of UShs 150 – 180 per litre, which is not much. A...
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Uranium can power Uganda’s growth, but at what cost?
Uganda’s Vision 2040 estimates that the country will require 41,738 MW of installed capacity by 2040, of which nearly 60% (24,000 MW) will come from nuclear. In this second article about Uganda’s...
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Mining royalty fees defaulters named, face travel bans
An artisanal mining operation in Mubende District. It has emerged that many holders of exploration licenses are instead mining and selling the minerals. The Ministry of Energy and Mineral Development...
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Relief as export ban on unprocessed minerals is lifted
A miner displays a piece of iron ore in Kabale. Iron ore is one of the minerals that had been banned from being exported. (Photo: B. Sidsel) President Yoweri Museveni has lifted the ban on the...
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National Budget: 188 Billion allocated to oil and gas projects
The Uganda Government has earmarked 188 billion shillings towards the implementation of its oil and gas plans in the 2016/17 financial year. Finance Minister Matia Kasaija. In the budget that was read...
View ArticleLevy royalty on sand mining and stone quarrying, advises Auditor General
The Auditor General is proposing that the government starts taxing the commercial excavation of sand and rocks. The Auditor General’s proposals are contained in his value for money audit report to...
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Uganda is losing money in uncollected royalties and fees-Auditor General
Uganda has lost at least 4.4 billion shillings (approx.1.3 million dollars) in uncollected mineral royalties in the last five years, according to a report from the Office of the Auditor General (OAG)....
View ArticleCSOs Call For Audit Of The Oil Sector; Fear Oil Money Will Be Put To Waste
Following the oil cash bonanza in which 42 top government officials were rewarded with colossal sums of ‘oil money’, activists want an audit of the entire oil sector. This move follows a public uproar,...
View ArticleTullow Oil announces farm-down to Total
Tullow Oil PLC has entered into a substantial farm- down of 21.57 per cent of its 33.33 per cent shares in the Exploration Areas in all the Lake Albert Project licenses in EA1, EA1A, EA2 and EA3A to...
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Refinery residents to be relocated in February
Government will in February 2017 relocate 46 families who opted for resettlement to pave way for the proposed oil refinery in Kabaale parish, Buseruka sub-county, Hoima District, Francis Elungat, the...
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Tullow-Heritage Was Not An Ordinary Case, But ‘International War’- Museveni
President Yoweri Museveni. Photo from Galaxy FM 100.2 President Yoweri Museveni has defended the ‘oil cash bonanza’ in which 42 top civil servants and government officials were rewarded Shs. 6bn for...
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Health, Safety Takes Back Seat In Busoga Gold Rush
A youth miner entering a pit in Nabwal Mining Camp. Photo by Josephine Nabaale With red dust all over his body, a short well-built man, probably in his 40s steps out of a 50-foot pit, to speak to Oil...
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Local Governments Losing Revenue from ASM Gold Mining Sites
Some of the women engaging in planning; a gold mining process where mercury is mixed with water. Photo by Josephine Nabaale In this part two of our artisanal miners’ series, we delve in the lack of a...
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Family Sues Government for Unlawful Use of Rock
Part of Agricultural Land filled with rocks. Photo from Healthy Land Is a rock found in your land a mineral and therefore vested in the State? A family in Oyam District has sued the Government of...
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Museveni Commissions East Africa’s First Gold Refinery
President Yoweri Kaguta Museveni at the launch of African Gold Refinery Limited in Entebbe on Monday President Yoweri Museveni on Monday commissioned African Gold Refinery Limited; the first State of...
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