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BY Ahmed Bogere Masembe Kampala: Tullow Oil PLC (TLW.LN), the oil and gas exploration and production group, has announced that it has completed the farm-down of 66.6666% of its Ugandan licenses to CNOOC Limited (CEO) and Total (FP.FR) for...

By Ahmed Bogere Masembe Warid Introduces Mobile Money Service Congo-based telecoms operator Warid Congo has introduced a mobile money service, dubbed Warid Mobicash, in the country. The operator has launched the service across its network...

The Democratic Party has warned oil companies in Uganda against signing oil agreements when parliament passed a resolution that no more agreements have to be signed before the house passes new oil and gas policies. The government of Uganda...

By Ahmed Bogere Masembe Kampala: President Yoweri Museveni has received entrepreneurs from Serbia with whom he discussed economic development opportunities in Uganda. The Serbian delegation was led by the General Director of Victoria Group of...

The special version of the Tata Nano unveiled in the Indian city of Mumbai is covered in 80 kilograms of 22 carat gold, 15 kilograms of silver and assorted gemstones. Built as a tribute to 5,000 years of jewellery-making in India, the vehicle...

By Ahmed Bogere Masembe Kampala: President Yoweri Museveni has today met with prospective sugar entrepreneurs from an Indian-based company, Nuziveedu Seeds Limited (NSL) who intend to engage in the sugar production sector in Uganda in a joint...

By Ahmed Bogere Masembe and Agencies JOHANNESBURG, South-Africa, — Global Pacific & Partners have announced the Program for the 6th Africa Economic Forum in Cape Town, South Africa, 5-7 March 2012. Dr Duncan Clarke, Chairman &...

By Ahmed Bogere Masembe Kisozi: President Yoweri Museveni has received and held a meeting with the Speaker of the East African Legislative Assembly (EALA) who was accompanied by EALA Secretariat official, Ms. Winnie Kaliba. The meeting was...

 TULLOW OIL has been given permission for the sale of a $2.9 billion stake in its Ugandan oilfield to two multinational players. The Irish exploration company has agreed to sell two-thirds of its interests in oilfields in Uganda’s Lake Albert...

ACCRA, Ghana, January 24, 2012/ — This morning Africa’s largest independent oil company, Tullow Oil plc (‘Tullow’), kicked off a new business initiative aimed at attracting and facilitating further investment in the continent. Logo:...