Tag Archives: Chinese

By Ronald Musoke Uganda’s slow but steady march towards commercial production of its estimated 3.5 billion barrels of oil has been given new life following the government’s recent issuance of a production licence to the Chinese firm, CNOOC. Speaking to journalists at the energy ministry offices in Kampala on Sept. …

By Joan Akello `We will punish you’ Energy officials accused of eating bribes In the March issue of the international business magazine, Forbes, the billionaire Sudhir Ruparelia is asked in an interview what he thinks is the biggest weakness of the Uganda economy. Sudhir answers:  “The left doesn’t know what …

By Aloysious Kasoma President Yoweri Museveni has invited the Chinese people to invest in the different opportunities available in Uganda. The president said this during an opening ceremony at the ground breaking of the new Entebbe highway which officially started at Kyengera – Kabojja yesterday. “I would like to take …

By Haggai Matsiko When Museveni wears Beijing’s big boots On Feb. 21, the China National Offshore Oil Company (CNOOC), acquired a third of Uganda’s newly discovered but potentially huge oil reserves in a US$ 2.9 million farm-down deal with the British firm, Tullow Oil and France’s Total. Nothing official yet, …

By Independent Team & Agencies Why Beijing’s defence ministers visited Kampala with US$2.3m cheque Little by little China is forming military links in Africa and in the Indian Ocean in order, experts say, to protect Beijing’s economic interests in the region. With trade exchanges between China and Africa totaling US$ …