The lender has expressed interest in financing additional projects, including the SGR and the UMEME buyout, totaling USD 4 billion Kampala, Uganda | JULIUS BUSINGE | On July 25, President Yoweri Museveni met with a team from Standard Chartered Bank’s Export Finance division at State House, Entebbe, to explore potential funding …
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Continent to fund own oil and gas projects in wake of Western financial institutions’ hesitancy ANALYSIS | RONALD MUSOKE | The African Petroleum Producers’ Organisation (APPO), an association of African petroleum producing countries, together with the African Export-Import Bank (Afreximbank) have zeroed-in on Nigeria’s federal capital, Abuja, to host the headquarters …
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Why increasing centralisation of local government project implementation negatively impacts effectiveness COMMENT | WALTER AKENA | Uganda’s decentralisation framework aims to empower local governments to plan and budget for their local needs, have financial autonomy and robust citizen engagement mechanisms, enhance accountability, and foster ownership and effectiveness of local government interventions. …
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Uganda’s private sector constitute of about 90% SMEs generates over 75% of the GDP Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank, the country’s national Development Finance Institution, has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund (AGF), to scale up lending to SMEs, Women, Youth-affiliated businesses, …
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Energy Minister Ruth Nankabirwa shares progress on the refinery, EACOP, and related projects Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has received a comprehensive update on the progress of key projects, including the refinery and the East African Crude Oil Pipeline (EACOP), during a briefing by Energy Minister …
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Kampala, Uganda | THE INDEPENDENT | MTN Foundation has taken a significant step toward fostering community transformation by selecting 25 projects for its inaugural MTN Changemakers Initiative. The initiative, part of the company’s celebration of 25 years in Uganda, aims to create a lasting and positive impact on the lives of …
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TotalEnergies starts drilling as activists pin their fading hopes on stopping pipeline Kampala, Uganda | RONALD MUSOKE | Drilling of production wells for both the Kingfisher and Tilenga oil projects has picked up pace in recent months ahead of first oil scheduled for 2025. “The drilling of production wells is proceeding …
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Gulu, Uganda | THE INDEPENDENT | The U.S. Mission in Uganda has completed and handed over infrastructure projects in seven districts in Northern Uganda. These projects include the Atiak-Karawal Road in Amuru District and classroom blocks, teacher housing units, and pit latrines at primary schools in Lamwo, Kitgum, and Nwoya …
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Human Rights Watch issues ‘biased’ report on oil pipeline Kampala, Uganda | RONALD MUSOKE | The Petroleum Authority of Uganda (PAU), the government agency that regulates the oil and gas sector, has accused Human Rights Watch of ‘bias’ following a new report the New York-based non-profit published on July 10. “The …
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In both cases, improved connectivity failed to catalyse industrialization and instead encouraged land speculation as it opened up new spaces to real estate investment Kampala, Uganda | AGENCIES | The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and …
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The Independent Uganda: You get the Truth we Pay the Price