Business & Finance

Insurance companies form body to cover risks in Uganda oil and gas sector

Insurance companies form body to cover risks in Uganda oil and gas sector

Uganda insurance companies have formed a body that will extend insurance covers to the companies involved in the Uganda oil and gas industry The coordinator of Oil and Gas Uganda Insures Association, Ms Margie Lokowe, in an interview with Daily Monitor, said Uganda insurance companies have already formed a consortium in preparations of providing insurance […]

MakaPad inventor Dr Moses Musaazi dies

MakaPad inventor Dr Moses Musaazi dies

Makerere University scientist, Dr. Moses Kiiza Musaazi, who invented the first enviromental friendly pads, Maka pads has died. Musaazi is also the inventor of the   MakaStove, a pocket friendly stove that can save up to 50% of fuel compared to others in the market. Makerere vice-chancellor, Prof. Barnabas Nawangwe describes the fallen don as one of the “most […]

Uganda oil only benefiting the rich few-MP Thomas Tayebwa

Uganda oil only benefiting the rich few-MP Thomas Tayebwa

Ruhinda North Member of Parliament (MP), Thomas Tayebwa, has decried parties in the Uganda oil sector to devise measures of inclusion of Ugandans saying that few are benefitting from the oil sector. During a session in which the House Committee on Natural Resources questioning officials from Petroleum Authority of Uganda (PAU) yesterday, Tayebwa said that […]

Total Commences Specialised Training of Welders in Albertine Region

Total Commences Specialised Training of Welders in Albertine Region

Total E&P Uganda, the mastermind of the Tilenga and East Africa Crude Oil Pipeline Projects EACOP has started trainings on the first batch of students for the today welders training programme launched earlier this year. Over 200 students are targeted in the strategy and are to be divided into 8 groups of 25 for the 2G […]

14,000 people to receive employment at Kiira motors start of Business

14,000 people to receive employment at Kiira motors start of Business

Kiira Motors Corporation is to employ over 14, 000 people when it starts locally assembling vehicles. The firm has already started training some of its staff for competence certification as they prepare to begin production in 2020. Eight technical employees have been undergoing metal welding and fabrication training at Lugogo Vocational Institute for three weeks […]

US Ambassador, Deborah Malac urges Uganda to avoid the ‘oil curse’

US Ambassador, Deborah Malac urges Uganda to avoid the ‘oil curse’

The US Ambassador to Uganda Deborah Malac has urged the Ugandan government to use proper procedures in the development of its oil and gas sector so as not to fall prey to the problems that other mineral rich countries face. The ambassador, while Speaking to a delegation on the contract, transparency and accountability in the […]

Uganda government blacklists 45 Petrol stations over fake fuel

Uganda government blacklists 45 Petrol stations over fake fuel

Over 45 fuel station have been listed for by the Energy ministry and Uganda National Bureau of Standards (UNBS) closure over selling fake fuel. A report from the Rev Frank Tukwasibwe, the commissioner of Petroleum Supply Department in the Energy ministry stated that the affected fuel stations failed the quarterly fuel marking exercise that differentiates […]

Tanzania – Uganda gas pipeline deal finally signed

Tanzania – Uganda gas pipeline deal finally signed

The long awaited deal of the Tanzania – Uganda natural gas pipeline has been finally sealed off after an agreement was signed on Saturday August 25, 2018. The natural gas pipeline project was launched in Tanga by Presidents John Magufuli of Tanzania and Yoweri Museveni of Uganda and French oil multinational Total is the main […]

Ugandans might miss out on the Fruits of the Oil sector due to lack of skills

Ugandans might miss out on the Fruits of the Oil sector due to lack of skills

According to Honey Malinga, the director of the Directorate of Petroleum, Ministry of Energy and Mineral Development,the industry experiences many challenges towards local content and skills development. Uganda needs over 25,000 qualified workers, craftsmen and technicians to exploit oil and precious minerals(New vision 27 August 2018) While addressing graduates of the Youth Employment Enhancement Project (YEEP) […]

Uganda sends a delegation to the Africa Oil Week 2018 in Cape Town, South Africa

Uganda sends a delegation to the Africa Oil Week 2018 in Cape Town, South Africa

Uganda is committed to developing its petroleum sector across the entire value chain, and clear strides to move the country’s key assets from the exploration phase into the development phase have been made. The country offers opportunities for companies looking to explore, develop and utilise its petroleum assets. Hon Irene Muloni, the Minister of Energy and Mineral […]