The financial institutions include, KCB Bank Uganda, The Islamic Corporation for Development of Private Sector (ICD Development Bank, African Export Import Bank (Afreximbank) and The Standard Bank of South Africa.
To take advantage of Uganda’s transition towards a more diversified energy sector, Haji Lubega advised the insurance industry to innovate to address risks, by developing new insurance products tailored to green energy projects, carbon capture initiatives and clean technology investments.
"Beside the revenues unlocked to advance energy transition, petroleum will provide gas to replace the use of biomass energy that has been responsible to the destruction of the environment and health effects to users of firewood for cooking," said Minister Nankabirwa.
The initiative aims to accelerate the adoption of solar energy, biogas, and other renewable energy solutions, empowering communities and driving economic growth.
Danstone Mukoya, the General Manager of Golden Castle Hotel in Hoima City, one of the suppliers, says that since September 2022, after registering in the NSD, they haven’t had any opportunity to provide services to Total Energies EP Uganda.
The U.S. is not only one of the world’s largest oil and gas producers but, under its new administration, is expected to have an increased presence in Africa’s energy sector, says the African Energy Chamber.
Aggrey Mugume, the National Content Officer at PAU, told stakeholders Thursday that while other districts like Buliisa earned about 60 percent in contract revenues from Total Energies EP Uganda for supplies of goods and services, Nwoya lagged, prompting an inquiry by PAU.
The experts suggest that while PSAs are good, the National Mining Company of Uganda currently lacks expertise to manage, warehouse, quantify, value and to report minerals. They suggest that unlike in the oil and gas sector , PSAs in the mining sector are very risky.
The Petitioners wants Appellate Division of the East African Court of Justice (EACJ) to order the First Instance Division of the EACJ to hear their petition challenging EACOP project.
The Permanent Secretary, Batebe, added that the construction of the networks will bring more disputes, such as breach of contracts, licensing, and environmental concerns, billing, among others. This underscores the need for amicable ways to resolve such conflicts.
He cautioned some youth in the Bunyoro sub region and the country at large who are being manipulated by non-governmental organizations (NGOs) and civil society organizations (CSOs) that offer them small sums of money to disrupt ongoing oil development activities in the Albertine Graben to stop and instead support the progress of the construction works.
The reelection of President Donald Trump , the change in energy politics and landscape combined with the emergence of new poles could breathe new life in Uganda's oil and gas sector.
The company was suspended by the Ministry of Energy together with the security team in Amudat district following the death of two workers in two days in November 2024.
Julius Cedrick Ogwang, the KAKOKA Gold Miner’s Association Executive Director says during their meeting held at state house Nakasero, attended by officials from the state house and the energy ministry, they were directed to organize all artisanal miners in one association within one week.
The partnership with Kyambogo University, will focus on two critical national content capacity building initiatives: Internship or graduate training programs and the train the trainer programs.
Hadi Watfa, the Manager of Above Ground Installation for the EACOP project, told Uganda Radio Network (URN) in an interview that more than 100 kilometers of the pipeline have already been covered in both Uganda and Tanzania. He highlighted the steady progress of the construction, marking a significant milestone.
On Christmas Eve, UNOC announced the arrival or two more vessels at Mombasa Port carrying petroleum products that brought the total stock in the country to more than 1 billion litres.
This follows the Ministry of Energy and Mineral Development decision to approve UNOC’s application for the renewal of the Kasuruban Contract Area (KSCA) exploration license earlier this month, for an additional two years.
Nakabaat Gold Mining site has been a battleground for the UPDF soldiers and the warriors, rendering the place very insecure for the registered gold mining companies to operate. In 2020, a group of joint Karimojong and Turkana warriors raided a settlement camp for artisan miners in the Nakabaat gold mining area, reportedly targeting migrant workers whose property was all looted.
Most gold from the DRC was smuggled through Uganda and Rwanda and, to a lesser extent, Burundi (some of the gold from South Sudan also transited through Uganda and 60% of the gold from Uganda.
