UK’s Department for International Development and Department for International Trade have published a summary of 27 commercial deals from across the African markets invited to the UK-Africa Investment Summit. According to the departments, the deals are worth over £6.5 billion. They said this in a statement released at the ongoing UK-Africa Investment Summit held in
Uganda Ministry of Energy and Mineral Development issued eight oil production licences to lead oil industry players Tullow and Total, ending years of deadlock. The two now join their Chinese partner China National Offshore Oil Company (CNOOC) which received its production licence in September 2013. The Licences are for Exploration Area 1 (EA1) and Exploration
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as they originally indicated. The companies behind what could be East Africa’s first major oil pipeline believe the August start-date that Tanzanian officials gave last March
Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According to Oil News Kenya, the nation’s leadership has reached significant discussions on the issue with the latest being using road transport means as the nation awaits the
By Edward Ronald Segyawa and Frank Mulder…. The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?” Earlier this year, the French oil company Total filed a request for