The President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo who is in Uganda on a state visit has advised on development of the logistics industry as the country draws closer to the production phase of oil.
He said that for countries like Uganda which are distant from the coast, logistics must be taken into consideration as a way of streamlining transportation.
He was speaking on Thursday while attending the Joint Oil and Gas Convention and Regional Logistics Expo which is ongoing at Kampala Serena Conference Centre. The visiting President attended the forum along with his host, President Yoweri Museveni.
“This visit has helped us to identify important areas of economic cooperation especially in oil and gas. Oil is a critical resource in the development of any nation,” the Equatorial Guinea leader said.
However, he pointed out that unlike Equatorial Guinea, Uganda’s oil deposits are onshore which presents a number of challenges especially in terms of transportation of the product.
“When a country doesn’t have direct access to the sea port, the development of the logistics of oil and gas becomes critical. There’s great need to ensure cooperation with neighbouring countries like DR Congo, South Sudan and create joint logistics.”
Giving a background to the oil story of the West African oil producer, President Nguema attributed the country’s fast economic transformation to oil production. Having discovered its oil deposits in 1985, the country currently produces 300,000 barrels of oil per day.
He also tipped government of Uganda to take deliberate measures to see that citizens are involved in the oil activities as well as taking caution against players with ill motives.
In his remarks, President Museveni urged for policies that aim at bettering the efficiency in regional connectivity. This he said will lower the costs for economic activity inland.
“Challenges in electricity and road infrastructure have derailed our development for long but we are now constructing 10 oil roads, 2 hydropower dams and the Standard Gage Railway,” Museveni said.
Museveni said that in addition to oil and gas, Uganda possesses several other natural endowments such as phosphates, glass, copper, cobalt, agricultural products but whose logistical potential hasn’t yet been leveraged.
Nguema committed to supporting Uganda’s oil development through exchange of knowledge.
BYA JUDITH NALUGGWA Bazzeemu okugitwala mu kkooti nga bagibanja ddoola 569,339 mu zas Uganda (2,076,948,672). Bright Rwamirama, Florence Rwamirama ne Mpororo Group be batutte Nakumatt mu Kkooti...
AMYUKA mmeeya wa Kira divison Godfrey Nsubuga asomye embalirira ya buwumbi 14 era n'ensimbi zino zigenda kuba zikola mu divisoni zonna ezikola Kira. Embalirira eno agisomedde mu lukiiko lwa ba Kansala...
Kiddiridde abamu ku baana b’omugenzi Sofas Kaweke okumulumiriza okwekobaana n’omusika Richard Kaweke Musoke batunde ettaka okuli ebiggya byabwe. Ettaka erikaayanirwa lisangibwa mu kabuga k’e Bweyogere....
Poliisi okulumbagana abazigu bano kyaddiridde okuwulira enduulu mu kitundu ky'e Katwe ne badduka okutaasa abatuuze wabula omuzigu omu n'agalula ejjambiya okutema omusirikale kyokka afande n'assaayo emmundu...
Makindye Cubs FC 1-1 Lukuli Utd Nawanku FC 3-1 Teranova FC Royals FC 0-2 Sharing Youth FC WADDE nga abasambi ba Royals FC obwedda boolesa obugayaavu okufuluma e kisaawe, omupiira gye gwaggweredde...
KATIKKIRO Charles Peter Mayiga annyonyodde ababaka abava mu Buganda ebyaviriddeko enkola ya Kyapa mu ngalo okuleetebwa. Mayiga agambye enkola eno yaleetebwa oluvannyuma lw'ensonga ez'enjawulo okuli...
Bya Rginah Nalunga POLIISI ekutte omukazi agambibwa okutulugunya omwana wa muganzi we. Margret Nantongo ow’emyaka 30 omutuuze w’omu Kazo Angola mu munisipaali ye kawempe yeyakwatiddwa poliisi...
FUS Rabat (Morocco), Club Africain (Tunisia), Rivers United (Nigeria) ne KCCA B: CS Sfaxien (Tunisa),Platinum Stars (South Africa), MC Alger (Algeria), Mbabane Swallow (Swaziland). C: ZESCO...
Kampala Capital City Authority Football Club (KCCA FC) head coach Mike Mutebi has the belief that his will be able to advance out of the group in the CAF Confederation Cup.
KCCA FC were pitted in group A of the 2017 Total CAF Confederation Cup along FUS Rabat (Morocco), Club Africain (Tunisia) and Rivers United in the group stage draws that were held in Cairo, Egypt on Wednesday and Mutebi is confident he has enough firepower in the armory to put up a fight.
“We shall compete and I believe we are capable of progressing to the next level because we have a good and talented squad that has the ability to take on any team,” he told the club website.
Mutebi belives the games KCCA FC has played enroute to the group stage has helped the team get experience on the continent.
“We have played against champions of Africa, Al Masry from the Maghreb and a team from Angola that has a Brazilian culture, so the games have helped to shape our players for challenges and I think that will help us ahead of the upcoming fixtures,” noted the manager.
In the quest to build KCCA FC into a strong team that will regularly compete on the continent, manager Mutebi indicates this is a good chance to gauge against the very best.
“It is a wonderful opportunity for our players to play against such traditional and powerful clubs on the continent because we test ourselves against the biggest teams on the Continent,”
“It helps us to continue growing into a team that we want KCCA FC to be that can appear and compete on the continent regularly,” he added.
KCCA FC became the first Ugandan team to reach the group stages of any continental tournament since change in format after eliminating Al Masry 4-3 on penalties at the playoff phase after a 1-1 aggregate score over the two legs.
KCCA FC Fixture
May 12-14 FUS Rabat vs KCCA FC
May 22-24 KCCA FC vs Club Africain
June 2-4 KCCA FC vs Rivers United
June 20-22 Rivers United vs KCCA FC
June 30- Jul 2 KCCA FC vs FUS Rabat
July 7-9 Club Africain vs KCCA FC
Galaxy FM presenter, Haffy Powers is a rare sexy creature that can turn on any normal man.
Haffy left little to imagination when she flashed her yummy thighs and bubbly boobs on Thursday night during the Sape night at Club Amnesia.
Sexy dripping Haffy made the men’s groin temperatures raised as she paraded her delicious assets.
Dressed in tiny transparent dress, she put the men on tenterhooks as she moved at the event. She was not shy at all to show off her well-toned body to horny dudes who kept looking at her like they were ready to feast.
It should be noted that Haffy denied rumours that she is bonking NTV Expozed presenter, MC Esco, saying he is just a mere brother to her.
But after our snoops made investigations it emerged that Esco and Haffy have been leaving as husband and wife for the last one year in Kabowa on Entebbe road.
Haffy moved in with Esco from Bunga where she was renting after failing to pay rent.
Reliable sources say that she got a salary advance to pay her tuition at that Buganda media institute, this limited her sources of income and forced her to move in with Esco.
The Uganda Revenue Authority (URA) has reopened coffee roasting and packaging company, Good African Coffee, Chimp Corps report.
The company which is owned by renowned entrepreneur, Andrew Rugasira was Monday April 24th closed over unpaid taxes amounting to Shs1.2 billion.
URA Corporate Affairs boss Vincent Seruma told ChimpReports on Monday that the arrears had been outstanding for a period of three years hence the closure.
The coffee factory in Ntinda and their cafeteria located in Lugogo had been sealed off.
He however said that they (Good African Coffee) would be reopened once they cleared their tax arrears.
Speaking to ChimpReports on Thursday afternoon, Rugasira said that the factory and cafeteria had been reopened and business had resumed.
He further posted on his twitter account, calling upon his customers and partners to “Forget the former things and don’t dwell on the past.”
The development was also confirmed by URA Manager for Debt Collection, Stanley Kabyemera who said Rugasira had signed a memorandum of understanding with the Authority.
“We signed an MoU where he will pay his arrears in monthly instalments of Shs 63million,” Kabyemera told ChimpReports.
Good African Coffee was the first roasting and packaging company in Africa to export directly to the UK market.