Companies to invest in oil fields start touring ahead of business set to start next year

Companies to invest in oil fields start touring ahead of business set to start next year

Companies shortlisted to invest in Uganda’s oil and gas exploration set for next year have started touring the oil fields of five blocks. Among the shortlisted companies include France’s Total E&P Activities Petrolieres, Australia’s DGR Global Limited, Uganda National Oil Company Limited (UNOC) which is jointedly working with PetroAfrik Energy Resources East Limited and Nigeria’s Niger Delta Petroleum Resources Limited.…

6 NGO’s Lose Operation Licenses Over Fraud

The government through the National Bureau for Non Governmental Organizations has decided to withdraw licenses from 6 NGO’s in the country. The government went ahead to ban these from operations. Stephen Okello the Executive Director of the NGO Bureau announced that the banned organizations were Agape Sanctuary Ministries International, Christ Alive Glorious Ministries International, Equal Opportunities for Women and Children…

Total to partner with CNOOC in a bid for Ugandas’ oil blocks

Total to partner with CNOOC in a bid for Ugandas’ oil blocks

Recent reports indicate that the French giant Total shall be partnering with the Chinese giant China National Offshore Oil Corporation (CNOOC) while bidding for Ugandas’ recently discovered oil blocks. Previously, the Ministry of Energy has shortlisted only four companies to participate in the bidding for the new oil blocks however, it was later discovered that CNOOC jointed the party upon…

President Museveni urges people to embrace his business ideas

President Museveni has today 4th June 2021 urged people to embrace his business ideas especially the four sector model. He made this plea while delivering his state of the nation address. The president has over time rallied people to embrace his four sector model that inculdes commercial agriculture, industries, services and ICT. “I strongly urge people to join commercial agriculture,…

Uganda Bureau of Statistics notes a 0.2% drop in inflation

Uganda Bureau of Statistics notes a 0.2% drop in inflation

The country’s bureau of statistics has noted a drop in headline inflation from 2.1% in April to 1.9% by the end of May. Uganda Bureau of Statistics (UBOS) was able to estimate the drop after implementing a new measurement method used to calculate inflation. This new method includes items onto the consumer price index that was not there previously. Due…

Archbishop Kazimba urges believers to unite and clear Church house loan

Archbishop Kazimba urges believers to unite and clear Church house loan

Archbishop Stephen Kazimba Mugalu has encouraged the faithful believers to unite and contribute towards clearing the Church house loan. The Kampala Road based building loan  is seemingly becoming harder and harder to clear which prompted the Archbishop to call upon Christians in a battle towards clearing the debt. While addressing the media yesterday, Archbishop Kazimba aired out his views in…

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