UK-Africa Investment Summit: Here’s a full list of 27 commercial deals African markets have invited

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

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Uganda to Develop Oilfields Worth $5 Billion

In a bid to expedite the growth of its oil industry, Uganda plans to spend at least $5 billion on the development of the Kingfisher and Tilega oil fields, which are currently the subject of a tax dispute between government and three oil companies. This amount forms part of the $15 billion to $20 billion

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Uganda’s petroleum funds exhausted – Minister Bahati

Government has exhausted resources in the Petroleum Fund, minister of state for Planning David Bahati has said.  Government in the previous financial years since the establishment of the Petroleum Fund by the Public Finance Management Act (PFMA), 2015 has been withdrawing money to finance the budget. The fund is overseen by the Bank of Uganda

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Tanzania certain Uganda gas pipeline will be ready in 2021

The Tanzania Petroleum Development Corp. (TDPC) managing director, Kapuulya Musomba, has confirmed that Uganda’s natural-gas pipeline will start in 2021. In an interview at the oil and gas conference, Musomba stressed that 29 companies are interested in conducting a feasibility study and constructing the pipeline that will pump gas to iron and steel factories in western

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Over 1000 Delegates to attend the 7th Annual Minerals Conference at Kampala Serena

Over 1000 government official from 40 countries around the globe have are expected to attend the 7th Annual Mineral Wealth from October 2nd- 3rd  2018 to be held at Kampala Serena hotel. The conference is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development through the Directorate of Geological Survey

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