Browsing: Museveni

• President Yoweri Museveni is optimistic that Uganda’s oil revenue will finance mega roads, railways and other infrastructure projects.
• Uganda expects to ship the first consignment of oil in 2025.
• The government will hasten the acquisition of the right of way for the construction of Standard Gauge Railway. 

Uganda’s oil revenues will finance roads and railway among other key infrastructure projects to revamp the country’s productivity. 

Uganda has significant oil reserves, particularly in the Albertine Graben region, which is located in the western part of the country.

The country discovered commercially viable oil deposits in 2006, and since then, exploration and development activities have been ongoing. According to estimates, Uganda’s discovered oil reserves are around 6.5 billion barrels. These reserves consist of both crude oil and condensates.

There have been efforts to establish a legal and regulatory framework to govern the sector and ensure transparency, environmental sustainability, and equitable distribution …

Ugandan politics are suffering from a very common ailment, a viral disease that plagues most all of Africa’s young democracies and if Uganda is any example, the syndrome is seemingly incurable. The pathogen is power; the disease is the unwillingness to let it go or the sinister coveting to attain it.

Either ways, with exception to but a handful of countries, it seems African democracies are shaken to the very roots of their existence every time a general election comes around.

As Uganda readies itself for its general election’s next year, the country is making rather very negative headlines. Tough words like ‘economic sanctions’ are already being tossed thither.

However, Uganda is suffering from another problem, a very rare kind of problem a problem that is not unique to Africa, on the contrary the problem probably does not exist anywhere else in the World, the problem of having excess power.…

Only days after the French oil pipeline Total finalized talks with Ugandan President H.E. Yoweri Museveni, a state visit was made by the Ugandan leader to neighbouring Tanzania where he inked the deal with his counterpart Tanzania’s President H.E. John Magufuli, to jointly develop the East African Crude Oil Pipeline.

The pipeline will be 1 445 km long making it be Africa’s longest heated oil pipeline and is expected to carry some 230,000 barrels per day. Tanzania is expected to get the lion’s share of the deal since almost 80% of the pipeline will run through the country and is expected to employ more than 18,000 Tanzanians.

Most of the benefits involve the construction period of the pipeline where employment will be created for the Tanzanian youth along with a boost of economic activities all along the pipeline.

Uganda struck oil some 14 years ago back in 2006 but has …