Via Oil and Gas Daily, a report on a recently announced Sino-French African pipeline deal: French green groups on Monday denounced a newly inked multi-national accord to build a massive crude oil pipeline in East Africa, warning of huge environmental risks. The Ugandan and Tanzanian governments joined oil companies Total of France and China’s CNOOC […]
Read more »Via Quartz, an article on Covid’s impact upon several African countries’ plans to fuel economic growth with oil and gas: When coronavirus forced the world into lockdown, it punched a hole in global oil demand and sent prices crashing to historic lows. The result was an overnight fiscal catastrophe for oil-dependent African economies like Nigeria that were accustomed […]
Read more »Via Oil & Gas Daily, a look at Uganda’s wait for seeing benefits from petroleum finds: It was the promise of oil — billions of barrels of black gold, discovered locked beneath Lake Albert — and the riches to follow that brought electricity to Buliisa. Roads, piped water, and other unthinkable luxuries came next, as […]
Read more »Via EconoMonitor, an article on Uganda’s challenges ahead: Back in the 1970s, Uganda was one of the worst run economies in the world. Uganda suffered through a lost decade when Idi Amin was in power in the 1970s. Thankfully, Uganda’s economic performance dramatically improved when a President Yoweri Museveni new government armed with serious economic […]
Read more »Via The East African, an interesting graphic on oil and gas production schedules for East Africa
Read more »Courtesy of Emerging Markets Insights, a detailed analysis of Uganda: Kampala’s skyline Apparently Ugandans very rarely say no; they much prefer to say maybe. As I sit (without a previous appointment) in Prime Minister’s Amama Mbabazi waiting room hoping for a slot to open up in his busy schedule, I can see this cultural practice […]
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