Saudi king’s son named crown prince: royal decree Riyadh, Saudi Arabia | AFP | Saudi King Salman on Wednesday named his son Mohammed bin Salman as crown prince, completing a gradual removal of powers from the previous prince Mohammed bin Nayef, 57, who has been fired. According to a royal …
Read More »Full stalls, empty markets as South Sudan’s economy crumbles
Aweil, South Sudan | AFP | “I sell the small bottle of cooking oil for 140 SSP. Six months ago, it was 70. The customers complain,” said James Deng, an 18-year-old stallholder in Aweil, South Sudan. In this regional market in the country’s northwest — just as at the main …
Read More »Macron in Morocco to discuss Libya, Qatar
Rabat, Morocco | AFP | French President Emmanuel Macron was in Morocco Wednesday on a 24-hour visit for talks on battling terrorism as well as the Libyan conflict and Qatar’s dispute with its Gulf neighbours. As he stepped off the plane for his first visit to Morocco since his election …
Read More »ANALYSIS: Scramble for Shs900bn oil deals
Ugandan firms in fight against foreigners Uganda’s nascent oil and gas sector is entering an intense three-year development phase, or what everyone is calling phase II since it follows phase one of exploration. As excitement builds, so does anxiety. “I hope to approach this phase differently. It is much …
Read More »IN THE INDEPENDENT: Behind Museveni, Kenyatta, Magufuli moves in $3.5bn pipeline deal
The top stories In the Independent this week : COVER STORY Pipeline politics: Behind Museveni, Kenyatta, Magufuli moves in US$ 3.5bn deal. INFRASTRUCTURE Deal on US$2.3bn Standard Gauge Rail near: Kenya-Uganda in final discussions with Chinese bank. THE LAST WORD Will liberty take root in Africa?: Number of elected presidents …
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 »Why EACOP oil pipeline pact is a landmark for Uganda and Tanzania
Why EACOP Hoima-Tanga oil pipeline pact is a landmark for Uganda and Tanzania Kampala, Uganda | UG MIN EMD | The Governments of Uganda and of Tanzania have today signed the Inter Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda’s Eng. …
Read More »Hoima-Tanga oil pipeline deal done, agreement signed
Ugandan ministers have today signed the East African Crude Oil Pipeline Inter-Governmental Agreement (EACOPIGA) after leaders of the two nation’s agreed last week that all is set for construction to start. “This signing is landmark occasion after several months of negotiations,” said Ministry of Energy Permanent Secretary Stephen Isebalij, adding “the pipeline …
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 »Ugandan companies fight over US$20bn in oil logistics
Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …
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