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A section of the road as it passes through Buseruka Trading Centre (Photo: F. Mugerwa)

Hoima-Kaiso Tonya road completed

Construction of a 92-kilometer tarmac road that links Hoima town to the oil-rich Kaiso-Tonya area has been completed.

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Global Witness Cover Page

What do leaked oil contracts mean for Uganda’s future?

Governments should be open about the deals they do, and show that they have put safeguards in place to protect people and the environment.

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Edgar Kanogoro was injured in the clashes (Photo: F. Mugerwa)

Bunyoro Kingdom in bloody land clashes

More than 70 houses were burnt and several people injured when violence broke out last week between Bunyoro Kingdom loyalists and inhabitants of Kaseeta Parish, Kabwooya Sub-county in Hoima, over the control of a seven square mile piece of land bordering the proposed refinery area.

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Ugandans are being encouraged to enter into joint ventures with international oil and gas contractors but it is unlikely they can afford that level of investment.

Transparency activists look to 2016 as UK leads the EU in adopting new law

Oil, gas, mining and logging companies incorporated or listed in the United Kingdom will, starting in 2016, publicly disclose all payments they make to governments of countries in which they work  following the passing into law of the European Union Accounting Directive  by the British

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Crude oil prices since

Oil prices fall further as defiant OPEC seeks to hurt US producers

Crude oil prices sunk to a new $72-a-barrel low on Friday following a controversial decision by the Organisation of Petroleum Exporting Countries (OPEC) to maintain current production in a bid to undermine production from the United States-a non-OPEC member whose shale oil has been flooding the

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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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