Uganda Unveils Makuutu Rare Earth Project with a 21-Year License
On December 28, 2023, the momentous occasion began with the formal signing ceremony between the distinguished Energy and Minerals Development Minister, Ruth Nankabirwa, and the ambitious CEO of Rwenzori Rare Metals Limited, Warren Tregurtha.
Minister Nankabirwa Clears Up Myths Regarding the EACOP Project
The Minister of Energy and Mineral Development, Ruth Nankabirwa, has refuted the “many lies” that have been disseminated concerning the East African Crude Oil Pipeline (EACOP) project. She said that neither Lake Victoria nor 230 rivers are crossed by the pipeline.
Ugandan Insurance Companies Address Oil and Gas Risks
Combining local resources to reduce risk in the oil industry has been made possible in part by the Insurance Consortium for Oil & Gas Uganda (ICOGU). With over $24 million in premiums written to date, ICOGU has demonstrated success even if it only retains a tiny fraction of the risk domestically.
Uganda Extended Approval for Imports of Private Fuel
The Uganda National Oil Company (Unoc) was scheduled to start exclusive importation this month, but encountered difficulties obtaining a crucial Petroleum Import License from Kenyan authorities.
Government Will No Longer Pay for Unused Electricity When Hydroelectric Power Plants Start Up
The Auditor General, John Muwanga, revealed a startling expense of 88 billion Shillings for the fiscal year 2020–2021, which he attributed to the inefficiency of paying for considered energy. According to Dr. Ruth Nankabirwa, Minister of Energy and Mineral Development, since 2019, the government has been paying about US $24 million, or about 90.814 billion Shillings, a year for deemed power.
Tariff Reductions Approved by ERA will Support Ugandan Industry’s Economic Expansion
The government focuses on SMEs in order to promote economic growth, even as it maintains rates for home customers and street lights. Customers of domestic energy who buy more than 15 units of power are also eligible for a 1 percent rate decrease.
The commissioning of Kalangala’s Submarine Power Cable is pending a tariff decision.
The sub-counties of Buggala and Bugoma will receive 33 kilovolts of electricity from the underwater power cable, which is planned to run 7 km along the bottom of Lake Victoria. However, the commissioning process has temporarily come to a standstill due to the Electricity Regulatory Authority’s (ERA) delay in determining tariffs.
Former Benin Prime Minister to Assess Land Compensation for Oil Projects in Uganda and Tanzania
TotalEnergies CEO Patrick Pouyanné referred to Zinsou as a known specialist in African economic development and emphasized his participation in assessing the land purchase program and accompanying socioeconomic development activities in both nations.
Uganda Files a Lawsuit Against Kenya Over a Petroleum Contract
According to Uganda Attorney General Kiryowa Kiwanuka, Uganda’s reliance on Kenyan oil marketing corporations to import and provide petroleum products has exposed the country to supply vulnerabilities, resulting in unwarranted hikes in gasoline pump prices.
Gold, Oil and Gas Sector Dominates Surge in Foreign Direct Investments in Uganda
Uganda’s performance in attracting large investment defies the adverse global climate detailed in the World Investment Report 2023 of the United Nations Conference on Trade and Development