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Uganda set to recapitalize UDB

Uganda set to recapitalize UDB

The Ugandan government plans to inject more money in the Uganda Development Bank as the non-deposit banking institution positions itself to be an engine driver to economic development in the country. Speaking at the unveiling of the Bank’s new corporate image at Sheraton Hotel, Kampala on Tuesday night, Prime Minister Dr Ruhakana Rugunda said as the sole […]

Uganda announces first petroleum exploration licensing round

Uganda announces first petroleum exploration licensing round

Gov’t to issue production licenses to Tullow and Total The Ugandan government has announced the country’s first open competitive licensing round for petroleum exploration. The licensing round will cover six blocks in the Albertine Graben which is a proven prospective sedimentary basin. The government is offering 2,938 Km2 of high potential acreage for licensing “We […]