Oil to raise Uganda’s economic growth rate to 7%

Investment from oil explorers and expansion in the services sector will be key factors in steering Uganda’s economy to a percentage growth rate of 7% per year in three to five years’ to come. The Minister of Finance, Planning and Economic Development, Maria Kiwanuka says this is up from a projection of 6% made earlier

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Why Museveni won’t compensate mineral-rich land owners

In an article published by the Daily Monitor, on Thursday October 2, 2014, the President of Uganda, Yoweri Kaguta Museveni said the government will change the law to allow intending investors in the mining industry to access private land that contains minerals without negotiating with the land owners. The President is quoted to have said “the

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Oil attracts increased Investments to Uganda

The recent oil discovery in Uganda has led to an increase in Foreign Direct Investment (FDI) inflows to the country.   According to the data that the United Nations Conference on Trade and Development released recently, Uganda FDI increased by 92.51% to $ 1.721 billion in 2012 down from $ 894 Million in 2011. The data

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