Energy & Mining
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Shs 1.2bln earmarked for tree planting in districts hosting EACOP
HOIMA, July 2, 2024 – As the Ugandan government gears up to drill first oil in the Albertine Graben next year, the implementers of the East African Crude Oil Pipeline [ EACOP…
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Transforming Africa’s mineral wealth: From extraction to end use
CAPE TOWN, June 24, 2024 – Global demand for critical minerals essential for clean energy technologies is expected to grow more than three-fold by 2030. For Africa – a continent rich in…
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Senegal achieves first oil from Sangomar Project
JOHANNEBURG, June 12, 2024 – Exploration and production company Woodside Energy has achieved first oil production at Senegal’s inaugural offshore oil project – the Sangomar field development. This milestone underscores the effective…
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Society Artisanal partners with Minespider to track conflict-free gold from the DRC
KINSHASA, June 6, 2024 – Society Artisanal, an organisation that aims to export conflict-free artisanal gold from the Democratic Republic of Congo [DRC], has announced its partnership with Minespider, a technology company…
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AfDB and Rwanda sign partial credit guarantee agreement to support green and social initiatives
NAIROBI, June 5, 2024 – The African Development Bank [AfDB] and the Government of Rwanda have signed a partial credit guarantee agreement to support Rwanda’s mobilisation of financing for green and social…
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Critical Minerals Africa 2024 to Explore Translating Mineral Policy into Tangible Projects
CAPE TOWN, June 1, 2024 – Global demand for critical minerals is projected to grow three-fold by 2040, highlighting a strategic opportunity for African producers to increase output and the development of…
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UNOC records Shs 37bln profit in financial year ended June 30, 2023
KAMPALA, May 28, 2024 – The Uganda National Oil Company [ UNOC ] generated a profit of Shs 37.6 billion surpassing their projected revenue of Shs 6.989bln in the financial year 2022/2023.…
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Uganda named top investment destination in Africa
ENTEBBE, May 24, 2024 – President Yoweri Kaguta Museveni recently received an award that ranks Uganda as a top investment destination on the African continent. Uganda beat six other nations to emerge…
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Uganda’s export receipts rose 0.2 percent in March 2024
KAMPALA, May 20, 2024 – During March 2024, Uganda’s exports increased from US$ 633 million in February to USD 634.43mln, representing a 0.2 percent growth rate, according to the Performance of the…
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