Via Quartz, a report that Uganda has turned to Turkey to build its railway after talks with Chinese firms fell through: Uganda has canceled all contractual work it signed with China Harbour Engineering Company to build a 273-kilometer standard gauge railway (SGR) from its border with Kenya to its capital in Kampala, after the project failed to kick off […]
Read more »Via Quartz, a look at Uganda’s promising financial sector: Kampala could soon dislodge Nairobi from its status as the financial capital of eastern Africa if Uganda continues with measures that have seen it rise to become the regions’ most developed financial sector. This is according to the sixth edition of the 2022 Absa Africa Financial Markets […]
Read more »Via The Africa Report, an article on Uganda’s determination to proceed with an oil pipeline mega-project despite European criticism: Uganda’s President Yoweri Museveni announced on 16 September that the Lake Albert oil megaproject, planned with the French group TotalEnergies, would go ahead despite a European Parliament resolution criticising “human rights violations” against opponents. The project “will […]
Read more »Via The Ugandan Monitor, a report on Ugandan President Museveni pledge to support Somalia in its bid to join the East African Community (EAC) : President Museveni has pledged to support Somalia in its bid to join the East African Community (EAC) and exploit trade opportunities that exist in the region. Mr Museveni said Somalia […]
Read more »Via Quartz Africa, a look at the realities behind China’s debt financing of African infrastructure: Late last year, local and international media reported that Uganda’s Entebbe International Airport was at risk of being taken over by China upon default on a loan for the upgrade and expansion of the airport. The controversial news was even turned into a skit by […]
Read more »Via Oil and Gas Daily, a report on a planned large investment in Uganda’s oil sector: Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way […]
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