Climate: What is the Paris Agreement? Paris, France | AFP | On December 12, 2015, 195 countries gathered in the French capital to conclude the first truly universal climate treaty, the Paris Agreement, aimed at preventing the worst-case scenarios of global warming. President Donald Trump on Thursday announced the United …
Read More »Gilbert Assi is new MD Vivo Energy Uganda
Fuel distributor, Vivo Energy Uganda, has hired a new managing director, Gilbert Assi, to replace Hans Paulsen who has been at the helm of the company over the past three years. Paulsen has been promoted to a senior role in the company, working across all countries in Africa where it …
Read More »Jump in renewable energy jobs worldwide, says IRENA
Abu Dhabi, United Arab Emirates | AFP | The renewable energy sector employed 9.8 million people worldwide in 2016, marking a sharp increase from 2012, the Abu Dhabi-based International Renewable Energy Agency said on Wednesday. In its “Renewable Energy and Jobs – Annual Review 2017”, IRENA says the sector employed …
Read More »‘No more petrol or diesel cars, buses, or trucks in 8 years time’
Australia| FINANCIAL REVIEW| No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known …
Read More »France, Uganda sign Shs 6.2 billion power generation deal
The government of Uganda through its agency, the Uganda Electricity Generation Company Limited (UEGCL) has received a grant worth Shs 6.2 billion from a French development agency (AFD) to facilitate the process of undertaking feasibility studies for a number of small hydro-power generation sites. The sites are located in the …
Read More »UMEME blames power outages on climate change at AGM
Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger …
Read More »Uganda steps up nuclear energy plans, experts visit China
Uganda energy officials engage China partners on nuclear energy development Uganda has called for partnership with China in the area of nuclear energy development for peaceful purposes. “Plans have been made in Uganda to have clean and safe energy generation sources with nuclear being one of them”, said Prisca Boonabantu, Undersecretary …
Read More »Museveni woos investors as German companies, Uganda sign pact
DURBAN, South Africa| PPU| Thursday | President Yoweri Museveni has asked German companies to invest in Uganda, saying the country offers a perfect investment environment. Museveni, who is attending the World Economic Forum in Durban, South Africa, made the call as he witnessed the signing of Memoranda of Understanding between …
Read More »African Development Bank promises to help spur Uganda, Africa
African Development Bank President Akinwumi Adesina has spoken confidently about Africa’s enormous potential, and the bank’s ambitious development agenda, which he said was well underway. He said this, in an impassioned speech, delivered at the Center for Global Development in Washington, DC, on Wednesday, April 19. The High 5s …
Read More »PetroChina profit plunges 78% to record low
Shanghai, China | AFP | State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78 percent. Net profit fell to 7.86 billion yuan ($1.1 billion), the Beijing-based company said in a statement to the Hong Kong …
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