Parliament’s Committee on Finance, Planning and Economic Development has pushed back against a proposal to waive UGX18.86 billion in tax arrears for Kampala-based engineering consultancy Newplan Limited, questioning both the justification for the relief and the company’s failure to remit statutory taxes despite involvement in lucrative national infrastructure projects. The tax waiver request, tabled yesterday, was presented by the Minister of State for Finance (General Duties), Henry Musasizi, who cited sustained financial distress, high indebtedness and the difficulty of recovering the taxes as grounds for remission under Section 43 of the Tax Procedures Code Act. The proposal covers outstanding Value…
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TotalEnergies has consolidated all its Uganda-based business units into RR Pearl Tower One, a newly completed Grade-A commercial development on Yusuf Lule Road, marking one of the company’s biggest organisational realignments in recent years. The relocation brings together TotalEnergies Marketing Uganda, TotalEnergies EP Uganda, and the East African Crude Oil Pipeline (EACOP) team under one modern, purpose-built headquarters christened T-Hive — a name coined internally to symbolise collaboration, innovation, and the “One TotalEnergies, One Country” vision. A Modern, Integrated Corporate Home RR Pearl Tower One — part of the larger Pearl Business Park — is among Kampala’s newest high-spec…
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In Uganda’s Tilenga oil fields, where the low rumble of drilling rigs never stops, every passing hour of operation carries a price tag measured in tens of thousands of dollars. According to official briefings and technical presentations from the Petroleum Authority of Uganda (PAU), the average daily cost to drill a single oil costs $140,000 (UGX 506 million) in the Tilenga project run by TotalEnergies. However, for an industry often defined by staggering figures, a PAU official notes that this figure stands out among the lowest drilling-day rates in the world; other oil wells across the world cost as much as…
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Uganda’s petroleum sector has recorded a major milestone with new assessments showing a rise in recoverable oil resources from 1.4 billion to 1.65 billion barrels. The announcement was made by…
As one drives into Hoima City, the urban heart of Uganda’s oil dreams, it quickly becomes clear that this is no ordinary town. The city has become a magnet for…
By 2050, Africa’s population is projected to grow to 2.5 billion people, which will be close to 25% of the world’s population, which is expected to grow to about 9.5 billion. Africa will impact every aspect of life in the world, especially trade and industry given that majority of the 54 African states will have transitioned and achieved economic take off. For economic take off to be achieved, Africa needs to be energy reliant and independent. This phenomenon is perhaps what has triggered the fierce backlash from a section of neo-colonialists, operating under the guise of climate change activism, to…
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The African, Caribbean, Pacific – European Union (ACP-EU) Joint Parliamentary Assembly sitting in Maputo, Mozambique on Wednesday, 02 November 2022 voted to let Uganda proceed with developing the East African Crude Oil Pipeline Project (EACOP).The Ugandan delegation to the Maputo meeting led by Deputy Speaker Thomas Tayebwa, also convinced the assembly, which includes members of the European Union Parliament to allow for a “just transition to renewable energy” as opposed to the abrupt halting of explorations, especially by the global south.The ACP-EU, which had adopted a hard stance against new oil fields, adjusted its position and “acknowledged the importance of fair…
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The Government of Uganda has said that European Parliament’s reliance on international human rights instruments to condemn the East African Crude Oil Pipeline – EACOP project is a cover to negate the economic development aspirations of Uganda. Uganda was responding to EU’s recent emergency resolution to stop the ongoing works on Uganda-Tanzania oil project citing human rights violations and environmental threats. According to EU, EACOP, which would be the largest heated oil pipeline in the world, puts lives of more than 100,000 people at imminent risk of displacement with inefficient guarantees of adequate compensation. They want authorities to adequately compensate…
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The European Parliament has passed an emergency resolution to stop the ongoing works on Uganda-Tanzania oil project citing human rights violations and environmental threats. Total East African Crude Oil Pipeline (EACOP) would be the largest heated oil pipeline in the world, expected to start producing in 2025 and to reach a cumulative plateau production of 230,000 barrels per day. More than one hundred thousand families and farmers are already being displaced from their lands, and critics say if completed the pipeline would generate over 34 million tons of CO2 emissions every year, and threaten protected wildlife. The Parliament expresses grave…
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By Dr. Jane Nambakire Mulemwa Following the announcement of the Final Investment Decision (FID) in February 2022, and the recent accession of the Democratic republic of Congo (DRC) into the East African Community (EAC), the case for regional and international cooperation in the sustainable exploitation of natural resources has never been stronger. This is primarily because the East African Crude Oil pipeline (EACOP) project not only traverses Uganda and Tanzania but is designed to be a regional pipeline with potential linkages to DRC and South Sudan. In July 2019, the Petroleum Authority of Uganda (PAU) joined the Energy Regulators Association…
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