The Public Finance Bill proposes that 7% of oil royalties will be shared with local governments located within oil producing areas, raising questions on why and how these allocations will be made.read more
Government, investors and host communities have to make a choice between sustaining sacred natural sites and territories, water and communities’ food sovereignty; or sacrificing them in favour of short-term benefits from mining and extractive activities, says a new report by the Nationalread more
Tullow Oil has revealed it will challenge yesterday’s ruling by the Uganda Tax Appeals Tribunal ordering the company to pay 407 million dollars in accumulated Capital Gains Tax resulting from the sale of its oil blocks to China National Offshore Oil Corporation (CNOOC) and Total in 2012.read more
The Democratic Republic of Congo (DRC) has been re-admitted to the Extractive
Women in the Uganda’s oil-rich Albertine Region are failing to access employment and other
At least forty percent of the property owners in the proposed oil refinery area in Hoima
The East African partner states issued a bid for the planned regional crude oil pipeline
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.