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Image: RVR repairs

Invest oil money in infrastructure, health-Survey

A survey commissioned by Oil in Uganda in Western and Central Uganda has revealed that a bigger percentage of Ugandans there would like the government to invest oil proceeds in improving road and transport infrastructure. 

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vicent kato

“Compulsory acquisition of land is the last option”

Kato Vincent is the Principal Exploration Geologist in charge of designing and implementing exploration programs in the Department of Geological Survey and Mines in the Ministry of Energy and Mineral Development. Oil in Uganda talked to him about the mining sector in Uganda.

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Prof. Zerubabel Nyiira Mijumbi (Photo: Nalubega F.)

“Oil money should fund agriculture”

Prof. Zerubabel Nyiira Mijumbi is the outgoing State Minister for Agriculture who has just been appointed Junior Fisheries Minister. He spoke to Oil in Uganda about how the extractives sector can facilitate the growth of agriculture and avoid the so-called Dutch Disease.

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Zambians

Zambia: Mining companies threaten to leave over tax

Canadian firm Barrick Gold Corporation has threatened to suspend its operations in Zambia by June and could even start laying off some of its 4,000 employees at its Lumwana mine as early as this month following the revision of the mining taxes by the Zambian government.

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Mining Community Representatives from Central Region led by Rubaga MP Ken Lukyamuzi hand over their proposals to Parliamentary Commissioner Reagan Okumu.

New mining law should recognise artisanal miners, double royalties

Representatives of mining communities and civil society in Uganda last week handed over their proposals for amendments to the country’s mining legislation that is currently under review.

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Did you Know?

Publicly listed, IPO

A company is “publicly listed” if its shares are bought and sold publicly on a stock market/stock exchange. It is owned by the shareholders (who may include both individual shareholders and “institutional investors” such as pension funds), and managed by a Board of Directors elected by an Annual General Meeting.  Private businesses, even when they are quite large, can operate lawfully without listing on a stock exchange.  Public listing, however, is a useful way for a growing company to raise capital (at first through an “initial public offering” [IPO] that offers shares in the company for sale, and later through the issue of further shares), and most of the world’s larger companies are publicly listed.  Transparency requirements for publicly listed companies are higher than for wholly private companies, because the publicly listed companies are required by law to disclose financial and other information in reports to shareholders and government authorities.

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