The tripartite Memorandum of Understanding (MOU) was signed with the Zanzibar Petroleum Regulatory Authority (ZPRA) and the Petroleum Upstream Regulatory Authority (PURA) of Tanzania in a ceremony held at the PAU headquarters in Entebbe Uganda.
As Israel-Iran conflict focuses attention on immediate energy security risks, new IEA medium-term outlook sees global oil supply increase set to far outpace demand growth in coming years.
The report says growth in fragile and conflict-affected situations (FCS) is forecast to weaken marginally from 5.7 percent in 2024 to 5.5 percent in 2025, before picking up to an average of 7.0 percent a year in 2026-27.
Disclosures through the EITI are strengthening public oversight, supporting balanced negotiations, helping to mitigate governance and corruption risks and driving key reforms.
The government initially indicated that oil and gas production would kickoff in 2020. It later shifted the timeline 2025. Now it says production will begin in 2026.
The project, which stretches from Kikuube in western Uganda to Tanzania’s Tanga Port, has drawn criticism over alleged human rights violations, environmental destruction, and its contribution to the climate crisis.
The funds will primarily support infrastructure development and procurement of essential drugs, aiming to revamp service delivery across the district’s health facilities.
Daniel Olinga, the Manager ERA for Northern Uganda based in Gul,u said there is an existing information gap on Licensing, approval of tariffs and charges, setting of sector standards and consumer protection, that need to be bridged through intensive awareness creation.
Gabriel Obiang Lima, the Minister for Finance, Economy and Planning of the petroleum-rich Equatorial Guinea says that while Uganda and Africa must adopt the energy transition to cleaner and renewable sources, the countries must find where sustainability and affordability lie.
Kamanda Kabagambe, the LC3 Chairperson for Buliisa Sub-county, says it is unfortunate that the companies continue to accommodate workers in camps while locally built facilities remain empty. He is urging the government to take immediate action.
According to Robert Mukondo, a Social Development Specialist (SDS) at UNOC, the graves belong to some of the 7,000 Project Affected Persons (PAPs) who lost their relatives and buried them within the land acquired by the government for the industrial park.
Dr. Fred Kaliisa Kabagambe, the Senior Presidential Advisor on Oil and Gas, noted that limited public awareness about oil and gas developments has fueled opposition to EACOP activities in Uganda.
The Pioner head of the Private Prosecutions Unit Senior State Attorney Timothy Amerit, holds a Master's degree in Laws (LLM) from Makerere University and is currently pursuing a Doctor of Laws (PhD) from the same University.
"And this figure was arrived at by benchmarking exercises in various countries where there are industrial parks that have been established, and the figure compares favorably with what is charged elsewhere," Baryomunsi said.
The ministry describes Alpha MBM Investments as a distinguished company from l UAE led by His Highness Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, a member of the Dubai Royal Family.
It says that Ugandans could earn over USD 1 million per year if key sustainable tourism activities were to be promoted in the Greater Masaka sub-region.
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.
