News

Tullow’s Shs3 trillion sale approval nears completion

By FREDERIC MUSISI
Kampala. Anglo-Irish oil explorer Tullow Oil PLC expects the deal to transfer its assets to Total E&P and China National Offshore Oil Corporation (CNOOC) to be given a nod by government before the year ends as the company posted revenue of $905m (Shs3.3 trillion) from its worldwide operations.

Tunisia and Somalia apply to join COMESA

The Common Market for Eastern and Southern Africa (Comesa) is considering admitting Somalia and Tunisia into the bloc.

Uganda Drops Bill On Land Compensation

The Ugandan government last week withdrew from parliament a proposed constitutional amendment Bill that sought to allow compulsory acquisition...

Uganda issues oil production licences, targets 2020

Uganda on Tuesday issued oil production licences to the French group Total and British company Tullow. Energy Minister Irene Muloni said first oil production is now expected in 2020.

Uganda, Kenya Failed Railway Deal - RVR Chief

Uganda and Kenya failed the "logistical eco-system" that led to the problematic railway operations by Rift Valley Railways (RVR) and consequently the back to back termination of...

Uganda: Government Retakes Naguru-Nakawa Land

Government has repossessed the Nakawa-Naguru Housing Estate land, nearly a decade after the investor failed to develop the planned satellite...

Uganda: Oil Cash Judgment Set for May 31

Kampala — The judgment in the Shs6b oil cash bonanza dubbed "handshake" petition has been set for March 31 at the High Court in Kampala...

UK Court sets aside charging order against Nigeria

In a judgment issued this month, the English High Court has set aside a charging order enforcing an arbitral award and related foreign judgment made against the Federal Republic of Nigeria.

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