Tag Archives: oil

The lender hopes that by processing more of Africa’s crude oil locally, it can help retain value on the continent and reduce exposure to global supply chain disruptions ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank (Afreximbank) has launched a US$3 billion revolving trade finance programme aimed …

KAMPALA, UGANDA | THE INDEPENDENT | Uganda is urged to focus on exploiting resources where it has the potential to generate energy that is most affordable to the ordinary person and therefore sustainable. Gabriel Obiang Lima, the Minister for Finance, Economy and Planning of the petroleum-rich Equatorial Guinea, says that …

Dr. Fred Kaliisa Kabagambe, the Senior Presidential Advisor on Oil and Gas, noted that limited public awareness about oil and gas developments has fueled opposition to EACOP activities in Uganda. Hoima, Uganda | THE INDEPENDENT | Heads of the East African Crude Oil Pipeline (EACOP) project and oil companies operating …

According to Uganda AIDS Commission statistics, Hoima City has the highest HIV/AIDS prevalence rate in the region at 9.6%, followed by Masindi District at 6.1%.  Hoima, Uganda | THE INDEPENDENT | The Uganda AIDS Commission has raised serious concern over the rising HIV prevalence rate in the Bunyoro sub-region, attributing …

Uganda, UAE Firm Sign Refinery Implementation Agreement Entebbe, Uganda | THE INDEPENDENT & AGENCIES | Uganda has signed a deal that paves the way for the implementation of its first crude oil refinery project. UAE-based Alpha MBM Investments will have a 60% stake in the oil refinery to be built …

EACOP Ltd announces the closing of the first financing tranche for the East African crude oil pipeline project Kampala, Uganda | THE INDEPENDENT & URN | EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to …

But the economy is expected to rebound in the subsequent year if oil exports resume, offering a potential path to recovery. Juba, South Sudan | THE INDEPENDENT | Oil rich South Sudan’s economy is projected to contract by 30% in the Financial Year 2024/25 that ends in June due to disruptions …

KIKUUBE, Uganda | Xinhua | On an escarpment overlooking the Chinese-operated oil field in Uganda’s western district of Kikuube, 30 students sat with paintbrushes and canvases, envisioning a future where nature, heritage, and modernization coexist. Under the shade of trees shielding them from the blazing sun of the Great Rift …

Dar es Salaam, Uganda | THE INDEPENDENT | While government has decided that expected oil and gas revenues will be reserved in a Petroleum Fund for infrastructure development, experts from across Africa have urged extra caution. The Petroleum Fund was part of the outcome of a benchmarking exercise in Norway at the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s energy sector is experiencing exceptional growth, fueled by significant oil and gas projects and a surge in renewable energy initiatives. To further propel this momentum, the Uganda Chamber of Energy and Minerals (UCEM) announced the Energy Convention 2025, a premier event next month …