Wednesday, July 24

Uganda

Tanzania oil import offer Uganda can't refuse, ship docked at Dar Port
  • Tanzania has offered the Uganda National Oil Company (Unoc) to use the Dar es Salaam port for oil importation.
  • This presents a strategic alternative amid the ongoing importation stalemate between Uganda and Kenya.
  • The legal dispute between Uganda and Kenya over oil importation policies is pending before the East African Court of Justice (EACJ), with indications that Uganda may withdraw the case.

Tanzania has stepped forward with an enticing proposition that Kampala finds hard to ignore, especially regarding the ongoing deadlock in Nairobi-Kampala oil imports.

Tanzania has extended an offer to the Uganda National Oil Company (Unoc) to utilise the Dar es Salaam port for its fuel importation needs. This development comes as Uganda explores alternatives in response to Kenya’s steadfast position on Kampala’s oil importation demands.

Uganda’s grievance at the East African Court of Justice (EACJ) remains pending amid these unfolding events, casting a shadow of uncertainty over …

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Uganda National Oil Company
  • The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices. 
  • UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security. 

Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.

This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.

Breaking New Ground: Uganda National Oil Company Direct Importation Deal

For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …

StanBic Uganda
  • For millions of households in Uganda, remittances play a vital role in safeguarding food security, healthcare, savings and investment opportunities. 
  • IFAD data shows 75% of money sent to Uganda is used to fight poverty and improve access to nutrition, health, housing and education. 
  • The remaining 25 percent is used to support small businesses and facilitate access to financial products. 

The UN’s International Fund for Agricultural Development (IFAD) has partnered with Stanbic Bank Uganda (SBU) in a plan to reduce the cost incurred by Ugandans sending money back home by half through a digital payment platform dubbed FlexiPay. 

The partnership will also provide remittance recipients, especially in rural areas, with digital and financial training to promote the savings culture and foster digital finance uptake among these communities.

Cost of remittances in Uganda

At the moment, the average cost of sending money back home for Uganda’s migrant workers is 11.3 per cent, …

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  • LG Electronics has appointed Dong Won Lee as its new Regional Managing Director for East Africa (EA) as the company seeks larger market share in the region. 
  • Lee replaces Sa Nyoung Kim who served as LG EA Managing Director for three years since January 2020.
  • Lee brings over 20 years of hands-on experience and knowledge in leadership, performance improvement, sales, and marketing in the consumer electronics industry.

LG Electronics has appointed Dong Won Lee as its new Regional Managing Director for East Africa (EA) as the company seeks larger market share in the region. 

Lee replaces Sa Nyoung Kim who served as LG EA Managing Director for three years since January 2020.

Before his appointment, Dong Won Lee was the Managing Director of LG Iraq, a position he has held since 2019. He is celebrated for turning around the business in Iraq by increasing sales growth by 50 percent hence

Energy Resources across Africa.Source Research Gate Oghomwen Igbinovia

As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.

Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.

The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.

Currently, Africa’s power is …

Uganda issued a protest note after losing $360,000 to Kenya milk seizure. Now EAC Joint Commission is moving to clear all Non-tariff barriers. www.theexchange.africa

Other than the trade issues, the session examined and harmonized implementation of decisions across various sectors of bilateral cooperation including immigration, education, transport, communication, defence and security, energy and mineral development among others.

The meeting was a success to say the least, however, it still remains to be seen whether in the wake of the meeting, Ugandan truckers will pay less at the Tanzanian border. With a six month reporting period, a lot can transpire in the interim.

It is now going towards a month since the January sit-down and no ground reports have been publicized as to whether the toll fees have been harmonized for Uganda to match other EAC charges at the Tanzanian border.…

Total's Philippe Groueix and Energy Minister Ruth Nankabirwa sign MOU agreement for crude oil production in Uganda. www.theexchange.africa

TotalEnergies CEO Patrick Pouyanne said that the memorandum of understanding will see the French firm produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment.

Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa said in a speech ahead of the signing that the agreement would put the country on the path to first oil in 2025. She added that EACOP would create approximately 160,000 jobs during the project’s development.

The agreement dictates TotalEnergies will develop solar, wind, geothermal, and other renewable technology power projects in Uganda to add a combined installed electricity output capacity of 1 Gigawatt by 2030 to the current 1.2-Gigawatt production.…

Uganda border
  • EAC Secretariat Secretary-General Peter Mathuki has hailed the governments of the Republic of Rwanda and the Republic of Uganda for their efforts ahead of the reopening of the Gatuna-Katuna border post
  • He said the reopening would strengthen bilateral ties between the two EAC Partner States, which will revitalise social, economic and political relations
  • Mathuki added that the border would also promote peace and security across the region

The EAC Secretariat has lauded Rwanda and Uganda for their efforts to reopen the Gatuna-Katuna border post on 31st January 2022.

In a statement seen by The Exchange Africa, EAC Secretary General Peter Mathuki hailed the move terming it as a boost to regional integration.

The move, he added, would strengthen bilateral ties between the two EAC Partner States, which will revitalise social, economic and political relations.

“Reopening this strategic trade route is in line with the EAC Common Market Protocol and will …

The cargo scanner at the Busia OSBP. www.theexchange.africa

The East African Business Council (EABC) and TradeMark East Africa (TMEA) say the unilateral bans on products, high fees by the Agriculture & Food Authority (AFA)-Kenya, trade information asymmetry and single lane road on Kenya’s side stifle business between the two East African countries.

Cross border traders decried the impounding of fish from Kenya destined for the Democratic Republic of Congo worth Ksh40 million in October 2021 by Uganda and import ban on eggs and sugarcane by Kenya.…

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