Tag Archives: Uganda

By Agencies Ghana’s total revenue from the oil and gas find will represent less than five per cent of the country’s Gross Domestic Product (GDP), according to the Energy Minister, Dr Joe Oteng-Adjei. With the country’s current GDP at well over $18 billion, Dr Oteng-Adjei said the total revenue to …

Ever since the publication of my article, ‘Otunnu must not lead UPC,’ (Daily Monitor), I have been the subject of attacks by Olara Otunnu supporters who view their candidate as a great intellectual. They have persistently challenged me to take on Otunnu at an intellectual level. I have also constantly …

By Agencies Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC. “When the oil basin is in full production, we are probably talking about 350,000 …

By Patrick Kagenda The Uganda Road Fund was established by an Act to finance the routine and periodic maintenance of public roads, facilitate delivery of road maintenance services and other related matters. The Independent’s Patrick Kagenda caught up with Engineer Michael M. Odongo, the URF chief executive. What is the …

By Patrick Kagenda Since the Tanzanian government terminated its contract with a rail concessionaire early this month, pressure has been mounting on Uganda to throw out non-performing Rift Valley Railways. But Uganda`s Minister of State for Works John Byabagambi told The independent that the government is determined to throw it …

By Independent Team & Agencies Shs 50bn exports threatened as American senator asks EU to join trade blockade After reviewing legislation being considered by the Ugandan Parliament that would imprison citizens for being Lesbian, Gay, Bi-sexual and Transgender, U.S. Senator Ron Wyden, Chairman of the Senate Finance Committee’s subcommittee on …

By Patrick Kagenda Four years after the two East African governments concessioned their 100 year old 900 kilometer railway line to the Sheltam group headed by Roy Puffet, Sheltam has sold part of its shares to the Ambience Ventures Ltd of the Citadel group of Egypt. Sheltam managed to outwit …

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

By Patrick Kagenda Hirome Mayanja Sabbehe, the director of Shamila Contractors, was the chairman of the Uganda business community in south Sudan from 2005 to the beginning of 2007. He dealt in human drugs in Malakal in the Upper Nile State of south Sudan. It was here that he met …

By Patrick Kagenda Bank of Uganda last week issued a Shs 60 billion 10 year bond and will issue another bond of a similar magnitude at the beginning of December. The Independent’s Patrick Kagenda talked to Stephen Kaboyo the director Financial Markets Department at the central bank. What financial instruments …