Nankwanga Eunice Kasirye

Tullow oil moving to deliver local content

The Revenue Watch Institute RWI, in collaboration with the African Center for Media excellence ACME, has successfully  completed  course B on Oil, Gas and Minerals for Uganda and Tanzania  journalists. The ten day course commenced on the 3rd of December 2013 with the journalists undertaking the theoretical  trainings from within their respective countries but joined for filed work in Uganda Albertine oil  rich region for three days. Nankwanga Eunice Kasirye interviewing rig engineers at one of Tullow Oil Wells  Under the stewardship of the African Center for Media Excellence in Kampala, the Uganda journalists were aggressively trained on key  topics that determine the sector discipline. Topical papers were presented by different experts during interactive sessions were the journalist had all the time to seek clarifications on any ambiguities  that arise from speculations with  in the sector activities. Content Papers were presented and...

The market leader in energy management with operations in more than 100 countries, inaugurated the MiCROSOL project aims to develop a single, modular standard technology for producing electricity, drinking water and heat simultaneously, primarily to benefit micro-industries located in rural areas of countries with high levels of sunshine, especially in Africa. MiCROSOL is based on the principle of co-generation of electricity and heat, applying a new approach to a technology that is already widespread – solar thermodynamics. The solution focuses its constraints on the design of thermal storage that only uses environmentally-friendly products.  Its purpose is to simultaneously meet three basic needs regularly expressed by these people: Access to electricity that is reliable, efficient and inexpensive; Clean drinking water that is produced economically and consistently; and Heat generation that is continuous and environmentally sound.  Microsol can help micro-producer...

The National Social Security Fund has unveiled the $ 400M investment project in housing and multipurpose developments in Lubowa. The project is expected to activate the fund’s property that has been redundant especially land. The housing project is also probable to boost the fund’s performance and expected to increase the members’ interest gains to 20% upon completion. The real estate project is the first one of it’s kind that the National Social Security Fund is under-taking. It is aimed at offsetting utilization of the fund’s available land for profit and interest fetching investments to increase performance in real estate. The 565 acres of land in Lubowa was bought ten years back in 2003 at 50 million shillings per acre. The land will therefore be developed into a housing estate under the theme live, work and play. The land which is currently under cultivation will be developed into a self-sustaining and multi-purpose area. It will have 2741 housing units of different typ...

Now that Uganda has moved to the development stage of oil and gas life span besides several artisan mineral activities, it is important that management frameworks are adopted to ensure effective value is attained from the resources. The extractive resources are often a blessing with expertise and good management from the host country but it’s likely to turn into a curse with lack of accountability and transparency. Government has therefore launched the country energy Frame work Program for nuclear energy a reference for the medium-term planning of technical cooperation that identifies priority areas where the transfer of nuclear technology and technical cooperation resources will be directed to support national development goals.   According to Uganda’s’ prime minister Patrick Ammama Mbabazi, the frame work comes at a time when Uganda has discovered vast    deposits of minerals, gas and oil, Uranium as well. The minister of energy and Mineral Development Engineer...

Until one qualifies from an active income earner to passive income earner when people and social capital is more important, then crossing to middle income is still a long distance. The Investment clubs Association of Uganda is promoting passive income earning through professional savings groups where more than five people come together to pool resources for short term and long term financing. The groups operate on good leadership, vision, a good team, the product to run, sustainable cash flows legal and structural systems to promote efficient operations. Mobilizing capital finance for short and long term investment is still a big challenge in Uganda since Uganda’s culture of saving is still so faint. Very few Uganda companies can ably list on the Uganda stock exchange for the obvious reasons that corporate governance, transparency and accountability are key ingredients in accessing financing from the stock markets but so rear among indignant companies. Therefore, coming up wit...

30TH-10-2013 In efforts to improve accountability and transparency in government agencies as and ministries, government has adopted a number of reforms and policies to that effect. Quarterly reports for government releases are now made public to help ensure effective usage of the funds for the intended purposes. Therefore government has released 5.72 trillion Uganda shillings for this quarter equivalent to 47% of the approved national budget for this financial year. The 5.07 trillion shillings is a quarterly release equivalent to 47% of the government’s approved budget for this financial year. This excludes non-resource taxes and external financing and serves for the quarter that begun in July to December this year. This is to cover plans in the different ministries agencies, referral hospitals, missions abroad, total center votes and local governments. The funding will further be released in form of capitation grants to schools in line with the school term calendar and enhance...