UMEME’s corporate affairs and regulatory director, Blessing Nshaho says that, much as they have partnered with agencies to ensure that, most of the trading centres have access to power, electric wires are being vandalized, which has since slowed down connections.
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions. At the start of 2020, global energy investment was on track for growth of around 2 per cent, which would have been the largest annual rise in spending in six years.
John Bosco Bukya, the chairperson of Uganda Artisanal and Small-scale Miners’ Association says that despite the emphasis the government is putting on industrial mine development by foreigners, a significant share of Uganda’s mineral production and related sources of employment are widely attributed to Artisanal and Small Scale Miners. He is optimistic that this category can turn around the sector once given chance and supported.
The piece of land measuring 299 acres is situated at Namwambula village in Kiringente Sub County in Mpigi district. It was purchased by the Ministry at a cost of 13.5 billion Shillings from an Indian firm N. Shah and Company Limited.
Ulstein explained that sub-Saharan Africa is one of the most important investment hubs on the continent with unexplored opportunities in the energy sector, which Norway plans to explore so as to create more jobs.
Their action stemmed from a recent move by the district leadership to demarcate the land for sale to International Lifeline Fund, a Non-Governmental Organisation implementing small institutional stove programme.
Global oil demand growth for the first quarters of 2016 was revised upwards to 1.4 million barrels per day, led higher by strong gains in India, China and, more surprisingly, Russia. For the year as a whole, growth will be around 1.2 million barrels a day with demand reaching 95.9 million barrels a day.
The development partners observe that investing in areas such as roads and electricity are an important stimulus to economic development. They were speaking in response to President Yoweri Museveni\'s State of the Nation Address.
In line with the government push for massive infrastructure projects, the World Bank has pledged to commit 200 million US dollars for the next six years towards the energy sector. Makhtar Diop, the World Bank Group Vice President for Africa, while touring Bujagali Hydro Power Dam emphasized the need for the country to further develop its energy infrastructure.