Oil
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News
Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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Cooperatives & Communities
Oil companies take over land for absentee landlords in Bunyoro
HOIMA – Government has okayed the oil companies to use the land purportedly owned by absentee landlords in the oil-rich Bunyoro sub region. Through the Petroleum Authority of Uganda [PAU], government has…
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Cooperatives & Communities
Oil refinery project affected persons get land titles
HOIMA – 73 Kabaale oil refinery project affected persons [PAPs] whose families were displaced as government acquired land for the construction of the oil refinery in Kabaale Sub-county in Hoima district are…
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Cooperatives & Communities
Shock as CNOOC is stuck with compensation money
KIKUUBE– China National Offshore Oil Corporation [ CNOOC ] is stuck with compensation money after the oil company failed to locate landowners [Project Affected Persons ] in Kikuube district. CNOOC is taking…
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Cooperatives & Communities
Guru Nanak earmarks Shs 300mln for shea nuts
LIRA– Guru Nanak Oil Mills Limited, one of the factories processing shea butter in Lira City, has advised the shea nut farmers in Nortnern Uganda to maintain quality as the company makes…
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Cooperatives & Communities
Oil companies ready to invest 10 billion dollars in oil and gas sector
HOIMA – Sarah Birungi Banage, the Head Corporate Affairs Uganda National Oil Company [UNOC] has explained that oil companies under their joint ventures Total Energies Uganda, China National Offshore Oil Corporation CNOOC…
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News
Premier urges the public to plant palm trees to increase palm oil production
KABAROLE – The Ugandan Prime Minister Robbinah Nabbanja has urged the general public to plant more palm trees to increase on the production of palm oil in the country. Nabbanja said prices…
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News
BoU keeps CBR at 6.5 percent in April
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate [CBR] at 6.5 percent for the month of April 2022, as the economy continues to recover from the Covid-19…
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Cooperatives & Communities
Rt. Archbishop Ntagali and residents affected by EACOP, protest unfair treatment
KIKUUBE – Stanley Ntagali, the retired Archbishop of the Church of Uganda and more than 30 other residents from Kidoma parish in Kiziranfumbi sub-county in Kikuube district on Friday last week stormed…
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Cooperatives & Communities
Businessman Arrested For Oil Roads Fuel Theft
KIKUUBE – Ronald Amanya, a spare parts dealer in Hoima town, has been arrested with 40 jerry cans of fuel in a sweeping police crackdown on a gang for fuel theft from…
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