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First Ladies Janet Museveni and Janet Magufuli with Presidents Yoweri Museveni and John Magufuli open the One Stop Border Post at Mitukula in Uganda

Mugufuli makes case for ‘first oil’ before 2020

  Tanzania leader wants construction of crude oil export pipeline fast tracked Tanzania’s President John Pombe Magufuli wants investors, the governments of Uganda and Tanzania to expedite the construction of the East African Crude Oil Pipeline (EACOP). Magufuli argues that the pipeline

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Mr Edwards Katto, Director, Directorate of Geological Survey and Mines Uganda.

Mines Director Katto Orders All Illegal Artisanal Miners Out of Mines

  He describes artisanal miners as “a menace” to the mining sector Edward Ssekika In a new twist that arguably contradicts government rhetoric on Artisanal and Small Scale Miners (ASMs) in the country, the Director, Directorate of Geological Survey and Mines (DGSM) in the

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Uganda’s Minister for Energy and Mineral Development, Irene Muloni (R), poses for a picture with Roger Cressey, CEO of Armour Energy, after signing a Production Sharing Agreement (PSA), in Kampala

Australian oil firm Armour Energy joins Uganda’s upstream oil sector

Muloni Tables Kanywataba Oil Agreement before Parliament signed with Armour Gov’t earns Shs 1 bn in signature bonus for Kanywataba oil block Edward Ssekika Government of Uganda signed a Production Sharing Agreement (PSA), and issued a License for Petroleum Exploration, Development and

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Mr Shaban Kinobe. LC3 chairman Panyimur Sub County reading a copy of oil in uganda magazine.This was during a meeting with ActionAid Uganda.
Photo by Josephine Nabaale

We’ve been thrown in the oil shadows-Nwoya, Packwach, Nebbi District leaders speak out

Got Apwoyo sub county is headquartered somewhere inside a tiny structure in Nwoya district, tucked behind the Gulu – Pakwach highway. Turning off at a trading centre is a small road that leads to the quiet two-roomed establishment. The trading centre, a product of one of the several

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Museveni Vision 2040

PRESIDENT MUSEVENI CONDEMNS RUTHLESS EVICTION OF MUBENDE GOLD MINERS

He denies knowledge of eviction plan by his army! President Yoweri Museveni has condemned the mode of operation that was used to evict the small scale and artisanal gold miners in Kitumbi and Bukuya sub counties in Mubende district. Mr Museveni expressed this last week ( Friday 8/09/2017)

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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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