SPECIAL REPORT | THE INDEPENDENT | Uganda is poised to reduce its carbon emissions by an additional 8000 tons, following the installation of a new Biomass steam plant by Uganda Breweries Limited (UBL). This reduction marks another stride towards the country’s revised target of reducing greenhouse gas output by 24.7 percent …
Read More »Museveni reaffirms ban on exporting unprocessed minerals
Mbarara, Uganda | THE INDEPENDENT | President Yoweri Museveni on Friday reaffirmed his government’s ban on exportation of unprocessed minerals from the country. The President was commissioning the country’s first Tin Smelting factory in Ruti, Mbarara City making Uganda the fourth country to start the smelting of Tin in Africa. The factory …
Read More »Likely impacts of major tax measures FY 2024/2025
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has issued a raft of measures it plans to use to raise more taxes next financial year, if approved by parliament. The proposals in the new tax amendment bills are already raising fears among the public that …
Read More »Electricity access scale-up project launched in Teso
Soroti, Uganda | THE INDEPENDENT | Teso sub-region now has hope for electricity access to households, commercial enterprises and public institutions thanks to the Access Scale-up Project (EASP) launched by Energy and Mineral Development Minister Ruth Nankabirwa. The project valued at USD 638 million and funded by the World Bank is …
Read More »Oil and gas sector advances key projects ahead of production
Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has received a comprehensive update on the progress of key projects, including the refinery and the East African Crude Oil Pipeline (EACOP), during a briefing by Energy Minister …
Read More »EACOP costs push to $5 billion due to ‘Covid-19, other factors’
Kampala, Uganda | THE INDEPENDENT | Investors in the East African Crude Oil Pipeline will require five billion dollars to construct it. The cost of constructing the longest heated crude oil pipeline from Hoima to Tanga in Tanzania had been estimated to cost $3.5 billion. At the time, the shareholders were …
Read More »Makuutu rare earth investor gets 21-year mining license
Jinja, Uganda | THE INDEPENDENT | Rwenzori Rare Metals Limited has finally been awarded a 21-year mining license to develop the Makuutu rare earth elements mining Project. Energy and Minerals Development Minister, Ruth Nankabirwa and the CEO of Rwenzori Rare Metals Limited, Warren Tregurtha exchanged signatures for the projects whose mining …
Read More »Uganda raises tin purity standards for export
Kampala, Uganda | THE INDEPENDENT | In a landmark move aimed at enhancing value addition to Ugandan minerals before export, the Minister of Energy and Mineral Development, Dr. Ruth Nankabirwa Ssentamu, has signed a new statutory instrument that sets higher purity levels for tin exports. The instrument was signed at the …
Read More »EACOP needs USD 1.8 billion debt to kickoff – Nankabirwa
Kampala, Uganda | THE INDEPENDENT | The East African Crude Oil project is seeking a 1.8-billion-dollar debt for construction to take off. The project has been estimated to cost between $3.5 billion and $4 billion, of which 60 percent comprises debt raising and 40 percent equity. Energy and Minerals Development Minister, …
Read More »UNOC finally gets license to explore in Buliisa
Kampala, Uganda | THE INDEPENDENT | The government has signed a Production-Sharing Agreement(PSA) with Uganda National Oil Company for the Kasuruban block in Albertine Graben’s Buliisa district. The signing of the PSA with the government-owned oil company that took place on Thursday has been described as yet another milestone in the …
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