Browsing: Uganda

The 1,443km EACOP pipeline has been constructed at a value of US$3.5 billion which has seen Tanzania effectively increase its FDI by over 60 per cent during the construction phase alone.
This week, Tanzania President Samia Suluhu is in the United States and is meeting with among others, US VP Kamala Harris. During the official business trip, Suluhu is expected to get contracts for the construction of ports, railroads, power plants and coal and iron ore mines in the country’s northeast region.

Overall, Tanzania is looking to attracting investments of US$40 billion in the energy sector at a time the world is caught up in the melee between Russia and Ukraine which has upset the global energy sector.

For Tanzania to benefit from Europe’s rush to diversify its energy sources, Suluhu needs to speed up LNG projects by opening up the sector to new investors and revising legislation to achieve …

AKF has a very deep-rooted history of funding education initiatives in Africa. This effort is one of many funding partnerships that give life to education programs in the region and eliminate illiteracy within communities.

Gone are the days of education being an overlooked sector. Over the past decade, funding for education has assumed a critical shape.

Aga Khan Development Network (AKDN) has been investing in education in Africa for several decades, from the early stages of learning to the university level.

AKDN has contributed to enhancing education systems in Uganda, Tanzania and Kenya with the support of partners—the network has reached 1,300 public schools, trained 6,00 teachers, and reached 500,000 students.…

The EACOP is a 1,443km pipeline that is been constructed at a value of 3.5 Billion USD. These funds are been directly injected into the economies of Uganda and Tanzania effectively increasing their FDI by over 60 % during the construction phase alone.

The magnanimous project is been constructed and operated through a shareholding approach among several stakeholders including the government of Uganda through the Uganda National Oil Company (UNOC), the government of Tanzania through the Tanzanian Petroleum Development Corporation (TPDC), France’s Totalenergies and China’s CNOOC.

It is expected that through the East African Crude Oil Pipeline, the region’s East Africa’s oil potential. It will effectively attract investors and companies to explore the region’s oil potential. Further still, as new infrastructure projects commence in line with the pipeline, it will greatly contribute to the enhancement of the central corridor between Uganda and Tanzania.…

As would be expected, Total rebutted the claims. Its first move was to make public the related project social and environmental studies and issue a statement in which it pledged transparency.

The company admits that; “The projects for the development of the oil and gas resources of the Lake Albert region and the cross-border pipeline are situated in a sensitive social and environmental context that requires special measures for the environment and the rights of the local communities.”

In a follow-up statement, the investors maintained that; “All the partners are committed to implementing these projects in an exemplary manner and taking into highest consideration the biodiversity and environmental stakes as well as the local communities’ rights and within the stringent environmental and social performance standards of the International Finance Corporation.”…

The CET maximum rate was a realization by the EAC Secretariat on the proposed Common External Tariff (CET) rates of 30 per cent, 33 per cent and 35 per cent classified under the fourth (maximum) band, which include textiles, iron, steel and motor vehicles.

The East African Business Council (EABC) urges the partner states- Kenya, Uganda, Tanzania, Burundi, Rwanda and South Sudan- to adopt the maximum CET tariff trade to spur industrialization and strengthen the regional value chain.

In 2020, the total intra-EAC trade stood at 11.8 per cent, amounting to US$6.39 billion. The proposed 35 per cent tariff is set to boost the trade between EAC member states to US$6.4 billion.…

There are two types of businesses that African Americans attempt to boost Africa’s economy and create income.

Businesses seeking to venture into importation and exportation and set-ups creating and investing in production manufacturing in Africa.

Rosa Whitaker, the first assistant United States trade representative for Africa, says that there is so much synergy between Africa and African American business because the region is growing in the areas where African American firms are competitive.

African American companies made a gross profit of about US21.8 billion in the industrial sector in 2013. There is a higher potential for the companies in Africa where consumerism and competitive states are favourable.…

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.…

South Sudan joined the East African community joined the EAC in April 2016, after being the youngest nation to gain independence on July 9, 2011. In 2020, South Sudan’s exports summed up to US$87 million to the EAC member states, while imports amounted to US$573 million.

In contrast to the year 2016, the exports and imports to the same stood at US$2.6 million and US$400 million respectively.

According to the International Trade Center, South Sudan exported US$86 million and imported US$357 million from Uganda in 2020.…

• SEACOM will acquire selected infrastructure assets from Africell Uganda, which are essential for connecting enterprise customers searching for Internet services
• By taking established infrastructure from the company, SEACOM said it could expand further into East Africa and seamlessly integrate its services for clients across Uganda, Kenya, and Tanzania
• The deal will also help the company reduce its reliance on third-party last-mile providers to deliver connectivity solutions
• The expansion follows SEACOM’s recent acquisition of Kenyan service provider Hirani Telecom’s metro fibre network.

SEACOM will acquire selected infrastructure assets from Africell Uganda, which are essential for connecting enterprise customers searching for Internet services.

By taking established infrastructure from the Ugandan company, SEACOM said it could expand further into East Africa and seamlessly integrate its services for clients across Uganda, Kenya, and Tanzania.

The deal will also help the company reduce its reliance on third-party last-mile providers to deliver connectivity solutions. These …

The programme will facilitate access to the Royal Academy’s global network of experienced, high-profile and business experts, in addition to access to the alumni network upon completion of the programme.

Moreover, 2022 is the programme’s second consecutive year to render a digital experience, with rigorous support provided through person-to-person and group discussions.

Four finalists will pitch their revised and improved innovations and business plans to the judges in the presence of a live audience.…