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Tag Archives: oil

Ugandan president emphasizes wise use of oil revenues

Dar es Salaam, Tanzania | THE INDEPENDENT & XINHUA |  Ugandan President Yoweri Museveni on Thursday said oil revenues must be invested in avenues that create jobs and wealth. The Ugandan president said since oil is an exhaustible resource, revenues from it should be used to build the infinite resources in …

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Sigh of relief as Tanzania signs EACOP host agreement

Kampala, Uganda | THE INDEPENDENT |  Tanzania today signed an agreement to host the East African Crude Oil Pipeline with its lead investor Total.    The signing of the long-awaited Host Government Agreement(HGA) on Thursday was witnessed by President Yoweri Museveni and Samia Suluhu Hassan in Dar es Salaam.    The …

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Uganda oil money agreements

  What is govt hiding? Kampala, Uganda | RONALD MUSOKE | Hussein Lumumba Amin, a renowned socio-political analyst, recently ignited debate on one of Uganda’s most sensitive subjects since Uganda discovered commercially viable oil reserves in 2006: What exactly will be Uganda’s share of its oil resource when production finally …

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