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Tullow commits to reducing stake in Lake Albert Development Project

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Oil company, Tullow Oil plc says it remains committed to reducing its equity stake in the Lake Albert Development Project ahead of the delayed final investment decision (FID) and that when appropriate it will initiate a new sales process to achieve the now pending transaction worth US$900 million

Tullow retains a 33.33 percent stake in the Lake Albert project which has over 1.7 billion barrels of discovered recoverable resources and is expected to produce over 230,000 barrels of oil per day (bopd) at peak production. “The Joint Venture Partners remain supportive of the development and conversations with the Government of Uganda are ongoing, the company says briefly in the trading update for the period 24 July to 13 November 2019.

In August 2019, Tullow announced that its farm-down to Total and CNOOC lapsed following the expiry of the Sale and Purchase Agreements (SPAs). The expiry of the transaction was a result of being unable to agree all aspects of the tax treatment of the transaction with the Government of Uganda which was a condition precedent to completing the SPAs.

“While Tullow’s capital gains tax position had been agreed, as announced in the Group’s 2018 Full Year Results, the Ugandan Revenue Authority and the Joint Venture Partners could not agree on the transfer of capital allowances related to the consideration to be paid by Total and CNOOC as buyers,” it says in a statement.

Since the deal lapsed, Total has also suspended work on the East Africa Crude Oil Pipeline (EACOP) project, it says.

Kenya

On August 26, 2019, East Africa’s first ever export of oil, a cargo of 240,000 barrels, was flagged off from the port of Mombasa by President Uhuru Kenyatta.This was the first lifting of oil from the Early Oil Pilot Scheme (EOPS) to the international market. The EOPS production of 2,000 bopd continues with oil being transported by road from Lokichar to Mombasa.

“Following the signing of the commercial Heads of Terms with the Government of Kenya in June 2019, Project Oil Kenya continues to make good progress. The upstream and midstream Engineering, Procurement and Construction (EPC) tenders are expected to be issued to the market by the end of 2019. Well tender activities are on track, with bids received and evaluations ongoing. The midstream Environmental and Social Impact Assessment (ESIA) has been submitted to the National Environment Management Authority (NEMA) with approval expected in the first quarter of 2020. Consultations for the upstream ESIA are ongoing, ahead of the ESIA being shared with NEMA before the end of the year,” the company says.

It says the government of Kenya continues to provide strong support on land acquisition, and the National Lands Commission has now completed over 75 percent of the midstream land surveys and valuations. This work is now complete in four out of six counties affected. A draft framework agreement for use of water from the Turkwel Dam has been prepared and is currently being negotiated.

“The Joint Venture Partners and the Government of Kenya are set to commence discussions with prospective lenders for the project financing of the export pipeline that will run from Turkana to the new Lamu Port at Manda Bay. The FID for Project Oil Kenya continues to be targeted in the second half of 2020.” It says.

The Group will publish a Trading Statement and Operational Update on 15 January 2020 and Full Year Results for 2019 will be announced on 12 February 2020.

Trading update summary

· Full year 2019 West Africa net oil production from Ghana and non-operated portfolio forecast to average c.87,000 bopd

· Full year capex forecast of c.$540 million, free cash flow forecast of c.$350 million, full year net debt of c.$2.8 billion

· Uganda farm-down lapsed; Tullow and Joint Venture Partners remain committed to the Lake Albert Development

· Kenya exports East Africa’s first cargo of 240,000 barrels of oil from Mombasa

· Good progress on Project Oil Kenya; targeting Final Investment Decision (FID) late 2020

· Guyana exploration programme delivers two Tertiary oil discoveries; Carapa well underway targeting Cretaceous play

· 3D seismic survey completed in the Comoros; preparations underway for exploration well in Peru in the first quarter of 2020

Operational update – Group production
Full year 2019 Group oil production, including production-equivalent insurance payments, is forecast to average around 87,000 bops. This is slightly below guidance primarily due to Ghana production performance as detailed below.

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About 3000 students graduate from KIU

Mary Karooro Okurutu

2,962 students have today graduated during the 21st Graduation Ceremony of Kampala International University (KIU). They graduated with Diplomas, Bachelors, Masters, PhDs and Postgraduate degrees.

Among the graduates, 41 per cent were female, while 59 per cent were male. Also, 38 per cent of the students graduated with science-based awards while 62 per cent graduated with arts-based awards.

The Guest of Honor who doubles as the Minister in Charge of General Duties in the Office of the Prime Minister, Mary Karooro Okurut, lauded the Chairman of the university,  Hajji Hassan Basajjabalaba for investing to produce graduands from KIU every year.

“The government congratulates KIU for launching a program in field of Health Sciences, and for launching the state of the art School of Science and Technology,” she said.

She further urged the University to concentrate on the achievement of PhD holders from the university, and advised the graduands to overcome new challenges every day to achieve success and commit themselves to lifelong learning.

The Deputy Vice Chancellor Academic Affairs Prof. George William Nasinyama presented the special awards in recognition of the 38 students that scored first class degrees. “Only 16 per cent of the students have been unable to graduate due to financial constraints,” he said.

He further beckoned to sponsors to come forward and aid in these students’ completion in their pursuit of education and also urged the graduands to jealously guard what they have earned.

The Vice Chancellor Dr. Mouhamad Mpezamihigo, on behalf of the Chancellor, commended KIU for its achievement in graduating wholesome students in contribution to society.

“KIU has become a center of knowledge creation and other universities should benchmark their curriculum with that of this institution,” he said.

The Chairperson University Council, Prof. Fred Mangeni Wabwire, in his speech, commended KIU for maintaining its stature by having world class infrastructure and quality ranking human resource. He also urged the students to pursue further education at KIU.

Basajjabalaba recognised other higher institutions of learning like Kyambogo University for offering their facilities for KIU’s engineering students to access. He also thanked the Government of Nigeria for providing over 30 PhD staff in service to the university.

At the end of the event, graduated students picked up their certificate as well as transcripts of academic records.

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East Africa continues to develop as important gas hub

Launch of Coral South FLNG Project

East Africa and the Indian Ocean have witnessed substantial discoveries of oil and gas in in the last decade, but the full potential of the region has yet to be realised. At this year’s Africa Oil Week event there was a big focus on the region and its growing importance.

Two of the regions brightest projects are located on the south east coast of the continent in Tanzania and Mozambique. The massive Coral South FLNG Project sits atop the prolific Rovuma basin, offshore Mozambique. ENI’s Coral South FLNG facility is the first step in accessing the estimated 450 billion cubic metres of gas. The first gas is expected in 2022 and thereafter ENI expect to produce five billion cubic feet each year.

Further north is the Tanzania LNG Project that hopes to access the massive 1.6bn cubic metres of gas that lies in Tanzanian acreages. The $30bn facility located at Lindi would sit on Tanzania’s coast, acting as a terminal and gas liquification hub.

Keeping it local

One company that is active in the region is Orca Exploration Group who operates one licence in Tanzania which comprises two blocks known as the Discovery Blocks. The license has a total area of approximately 170 km2 and they are in shallow water, approximately 15km off the coast and 200km south of Dar es Salaam. The license contains the large Songo Songo gas field which is positioned just offshore Songo Songo Island (SSI).

Nigel Friend, CEO at Orca Exploration Group explains that his company has a different strategy when it comes to exploiting Africa’s resources. “Over the last ten years there have been some significant gas discoveries in Africa, primarily is Senegal, Mauritania, and also in Mozambique,” he explains. “The majority of that gas will be exported to markets around the world as LNG.

“Orca operates on the other end of the spectrum. We are looking for those proven gas reserves that fall below the threshold for an LNG project and therefore the only way that we can commercialise that gas is to sell it into the local market. We like to see ourselves as an African developer and operator of natural gas resources for the domestic market.

“In Tanzania we have working interest in the Songo Songo fields. We are currently producing 59 million cubic feet a day. That compares with 40 million cubic feet a day for the average of the last year, so we are beginning to see some real step changes in the growth in Tanzania, and that is only going to continue as new power generation comes on stream. I think that with the finance that we have in place, there is significant scope to increase the production to fuel Tanzania’s economic growth.

“There are eight wells in the field four onshore and four offshore, with five currently on production, producing about 135 million cubic feet a day. We will be undertaking some workovers during 2020 which will take that number up. When the original project was put together, we put a gas processing plant in on Songo Songo, this is Songas’s processing plant. They then constructed an offshore pipeline and onshore pipeline taking the gas up to Dar es Salaam.

“The gas processing capacity the Songas plant is 110 million cubic feet a day, but the actual amount of gas that we can transport is limited to about 102 million cubic feet a day which is a function of the pipeline diameter. We are fortunate that in 2016 a second gas processing plant was commissioned, and a second set of infrastructures to take the gas up to the market. This gas processing facility is 140 million cubic feet a day and the pipeline capacity, including the one that takes the gas to Dar es Salaam is 300 million cubic feet a day. So, we have got significant spare capacity in the infrastructure to process and transport the gas up to the main markets.”

A collaborative approach

One company that has been proclaiming the benefits of the region for many years is E&P advisors, ION. “When we first started in Kenya and then in Tanzania, there was very little understood about the potential of the region; none of the gas in Mozambique had been discovered,” Dr Brian W Horn, senior vice president and chief geologist at ION explains. “But I would say that there is a lot of remaining potential. I think we probably have not found a tenth of what is out there. I think there are significant gas reserves undiscovered, but there is also a lot of remaining discovered resource where we have not really explored this margin very thoroughly. I really believe that with another look we can probably come back and find equal amounts which would bode well.”

However, to fully exploit this potential he believes that there needs to be a change of strategy, with nations working closer together. “The countries in East Africa must work together as opposed to trying to do all these things individually because gas to liquid projects are incredibly expensive,” he says. “Somehow they must form consortia to work together to export and bring that to market instead of duplicating efforts. There is a lot of stratigraphic potential, many untested play types and I think looking forward will probably become one and the main oil and gas hubs of the future.”

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New report warns too little is being done to prevent pharmaceutical residues entering the environment

Some of pharmaceutical residues

A new Organisation for Economic Co-operation and Development (OECD) report warns that too little is being done to prevent pharmaceutical residues seeping into soil, water supplies, freshwater ecosystems and the food chain, or to assess potential risks.

Pharmaceutical Residues in Freshwater: Hazards and Policy Responses says the vast majority of the roughly 2,000 active ingredients currently used in human and veterinary pharmaceuticals have never been evaluated for environmental risks. Several dozen new active ingredients are typically approved for use each year.

A study cited in the report estimates that 10 percent of pharmaceuticals have the potential to cause environmental harm. Those of greatest concern include hormones, painkillers and antidepressants. Concern over rising antibiotic content in wastewater fuelling the spread of drug-resistant microbes have been raised at G20 level.

Pharmaceutical residues can enter the environment during the manufacture, use and disposal of medicines. When humans and animals ingest medicines, between 30% and 90% of the ingredients are excreted as active substances into the sewage system or the environment. Some medicines are thrown away unused, going into landfill, or from bathroom disposal into sewer systems. In the United States an estimated one third of the 4 billion medicines prescribed each year ends up as waste.

Conventional wastewater treatment plants are not designed to remove pharmaceuticals, and water resources are not systematically monitored for residues. High levels of pharmaceutical residues have been found downstream of drug manufacturing plants. Veterinary pharmaceuticals used in farming and aquaculture can enter water bodies directly or via surface runoff without any treatment.

Because pharmaceuticals are designed to interact with living organisms at low doses, even low concentrations can affect freshwater ecosystems. There is growing evidence of negative impacts, with laboratory and field tests showing traces of oral contraceptives causing the feminisation of fish and amphibians, and residues of psychiatric drugs altering fish behaviour.

Unless adequate measures are taken to manage the risks, the situation is set to worsen as the use of pharmaceuticals rises with ageing populations, advances in healthcare, rising meat and fish production, and as emerging countries increasingly administer antibiotics to livestock.

The report says countries should:

  • Increase monitoring and reporting of pharmaceutical residues in the environment.
  • Consider environmental risks in the authorisation of pharmaceuticals
  • Provide incentives to design pharmaceuticals that do not accumulate in or harm the environment.
  • Reduce pharmaceuticals entering the environment e.g. by using public procurement to demand high standards of manufacturers or with “take-back” systems to return unused or expired medicines for safe disposal.
  • Raise awareness among the public, doctors and vets to reduce excessive consumption.
  • Upgrade wastewater treatment plants with technology to remove pharmaceuticals.
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Commonwealth young champion named among TIME Magazine 100 leaders of tomorrow

Oluwaseun Ayodeji Osowo

Time magazine has named Commonwealth Young Person of the Year Oluwaseun Ayodeji Osowobi among its 100 world rising stars who are shaping the future.

Nigerian women’s rights activist Osowobi is one of 53 women on a list of 100 names Time has dubbed “the world’s most ascendant leaders” who are “rising stars in their fields”.

In March, she won the title of Commonwealth Young Person of the Year 2019 after helping thousands of sexual and domestic abuse victims in Nigeria.

Osowobi, who is a survivor of sexual violence, set up the Stand to End Rape initiative to provide support to women, men and young people who have experienced any form of gender-based abuse.

Speaking with the Commonwealth, she said this recognition reinforces her belief in young people’s potential to create change.

She continued: “As young people, our relationship must surpass government collaboration on financial relations, rather, we must collectively protect the human rights of those within our community, especially vulnerable women and girls, persons with disabilities and LGBTQI people across the Commonwealth.”

Founded in 2014, her initiative works to advance women’s sexual reproductive health rights, advocate against gender-based violence and provide medical, legal and psychological support to survivors of sexual and domestic violence.

Advising the survivors of gender-based violence, Osowobi said: “Don’t stay silent. There is no judgement or condemnation as nobody owns the rights to your story or healing.

“My advice to you is first to stop blaming yourself and seek mental, legal and health support.”

Layne Robinson, the Commonwealth’s Head of Social Policy Development, said: “The Commonwealth Youth Awards, particularly the Commonwealth Young Person of the Year, shines a spotlight on the unsung efforts of our young people who have made a major impact in transforming our communities.

“We are happy our Commonwealth Person of the Year, Osowobi, is being recognised for her outstanding work beyond the Commonwealth.”

Time magazine unveiled its first annual collection of the next generation of world’s 100 young leaders today in New York City.

Every year, the Commonwealth Youth Awards for Excellence in Development Work recognise the exceptional contribution of young people from across the Commonwealth’s member countries who are leading initiatives to help deliver sustainable development goals.

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Road freight in Sub-Saharan Africa goes digital with DHL’s Saloodo!

Launching DHL’s Saloodo!

First international digital road freight platform to be launched in the continent; Provides shippers and carriers a one-stop platform for road freight connections for domestic shipments within South Africa and international movements to several neighbouring countries; Further expansion to connect shippers and carriers within Sub-Saharan Africa (SSA) is planned for early 2020.

Digital freight forwarder Saloodo! a subsidiary of DHL Global Forwarding, the leading international provider of air, sea and road freight services, today launched its digital logistics platform for shippers and transport providers in South Africa, bringing the first digital road freight solution to the region.

An efficient road freight network is a key conduit of trade within a geographically wide-spread country such as South Africa but also with 16 landlocked countries within Sub-Saharan Africa (SSA). However, much of the region’s road freight operations remain fragmented and highly traditional, missing out on the visibility, efficiency and security that logistics technology offers.

“Digital transformation is a top priority for the industry and given the demographics, we expect demand for digital transformation to be driven by emerging markets globally,” said Tobias Maier, CEO of Saloodo! Middle East and Africa. “Africa is the world’s youngest continent with 60% of the continent below 25. This is a dynamic generation of digitally-minded young adults, demanding smart, digital solutions both on the business and home front.”

With South Africa as its launch pad into Sub-Saharan Africa, Saloodo! is the first digital logistics platform available in the region that offers a single, simple and reliable interface for shippers and transport providers to best optimize cost, routes, cargo and transit times. Backed by DHL’s global and regional footprint and expertise, all contractual relationships on the platform are organized via the existing local DHL entity, providing trust and peace of mind to carriers and shippers alike.

“With real-time visibility, Saloodo! will inject greater transparency and efficiency to the road network in the region, enabling shippers – from small enterprises and start-ups to large multinational groups – to find trusted and reliable freight carriers in South Africa. This will in turn help carriers manage existing fleets and optimize capacity with full truckload shipments,” Maier added.

With a market value of R 121.1 billion (~€7.5 billion) in 2018, road freight volumes in South Africa have been increasing steadily exhibiting a growth of 5.6% in June 2019 when compared to the previous corresponding period. Equally, intra-Africa exports already accounted for 26 per cent and 12 per cent of South Africa’s 2018 total exports and imports respectively – almost 50% of which are with neighboring countries in this landlocked region.

The intuitive and simple-to-use platform was first launched in 2017 in Germany to connect companies and transport providers within Germany or from Germany throughout Europe.

Moving swiftly into emerging markets, the digital freight service was introduced in the Middle East just six months ago where some 350 shippers are already registered. Collectively, the service has grown to more than 30,000 shippers and over 12,000 carriers covering 35 countries.

During this time, the trucks managed by Saloodo! have travelled a total distance of 18 million km, which is equivalent to approximately 450 round-the-globe trips or more than 23 voyages to the moon and back.

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4 Convenient Ways To Further Your Career In 2020

As the New Year approaches, expect your inbox, TV screens and letterboxes to be invaded by an absolute avalanche of aspirational advertising material for services and products promising to help you make 2020 your best year ever.

But before you spend a small fortune on tickets to see a so-called guru who’ll whip you up into a frenzy before selling you a slim volume of snake oil self-improvement tips for the equivalent of a month’s salary, or wasting your hard-earned cash on speed networking sessions that are such a whirlwind of manic activity that you leave barely remembering your own name, much less your new contacts’, please pause for a minute to take a proverbial chill pill!

There are several awesome, authentic ways to enhance your life and career prospects without compromising your self-respect and sending your credit card into meltdown. And what’s more, you can engage in most of these activities from the comfort of your own home.

With that in mind, here are four convenient ways to further your career in 2020.

  1. Join a MOOC

MOOC means Massive Open Online Course and these free and fascinating online resources have been offered by a wide variety or established and new educational bodies and corporate entities for several years now.

The quality varies and they typically have no formal academic value, but if you do your research you’ll probably find one of these freebie offerings that provides bona fide knowledge on a topic of professional interest – browse Class Central’s MOOC comparison ratings to see what floats your vocational boat.

  1. Enroll with The School Of Life

The School of Life is an emotional intelligence organisation which helps individuals live more fulfilling lives and choose careers wisely by considering philosophical, psychological and creative concepts from history’s greatest minds.

It has physical campuses across the world, but you can benefit from its sage approach to everything from finding a career which has meaning to balancing work with love by tuning into the accessible videos on its YouTube channel. Find out more at theschooloflife.com.

  1. Get To Grips With Storytelling

‘Storytelling’ has been a thought leadership buzzword for several years now, but most of what you’ll read online will never explain the tricky technical elements of telling a story that’s genuinely engaging.

However, take a John Yorke Story course and this renowned screenwriter will train you to use the classic five act story structure which audiences around the world find gripping and addictive – check out his website for online courses on storytelling for business, videogames, script development, business and more.

  1. Take a Distance Learning Degree

A higher education degree can still be one of the most reliable ways to climb the career ladder in your current company or sector or migrate to a totally different field.

And when you enroll with the likes of ARU Distance Learning, you’ll have the kudos of a British degree and the convenience of being to study remotely in your own time, thus earning while you learn and taking care of your family and financial responsibilities.

Any one of these four convenient career-boosting plans could genuinely make 2020 the year you achieve your career ambitions – in a steady and sensible manner without a get-rich quick con artist in sight!

So ends our list, but please share your own career development tips in the comments section.

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Minister Muyingo’s school implicated in exam cheating as teacher is held

Dr. Chrysostom Muyingo

 

The State Minister for Higher Education, John Chrysostom Muyingo is on spot following the incarceration of a teacher who exposed his Seeta junior school Mbalala Campus as a center of examination malpractice in the recently concluded Primary Leaving Examinations (PLE).

The school was exposed by its employee Richard Okello who is also an English teacher. According to Mr. Okello, the school is owned by Minister Muyingo. In the recently concluded PLE exams, Mr. Okello was appointed as an examination scout and working under a team led by Commissioner CID administration Richard Mwesigye.

It is allegedly that during that period, Mr. Okello and the team arrested two of Seeta junior school teachers known as Mr. Ekaju and Mr. Odeke and Mobile phones recovered from them indicated that they had circulated leaked examination on WhatsApp platform to several schools including Global Junior School, Mukono Junior School, and Shiloh Junior School Jinja among other schools.

Narrating his ordeal, Mr. Okello said, when the Minister Muyingo heard that his teachers had been arrested on charges of examination malpractice, he reportedly pushed for their release on police bond by Jinja road police station.

It is alleged that after securing the release of the two teachers, Minister Muyingo allegedly used his power and connection influenced and had Mr. Okello implicated and charges brought against him.

Through his lawyers, Mr. Okello has petitioned to Directorate of Public Prosecution (DPP), calling for supervision of all the charges brought against him.

“On 6th November 2019, Okello was reportedly arrested by the body guard of Mr Muyingo from Seeta Junior School-Mbalala Campus staff quarters and has been detained and transferred to various police stations of Mukono central police station, Katwe police station and Jinja road police station.” reads in part of the petition.

“Our client strongly believes that he is unfairly and illegally detained because he exposed examination malpractice in Seeta junior school. He believes that the trumped up charges brought against him are a mere cover-up for heinous crime of cheating national exams for which Seeta junior school teachers should be held culpable,” the lawyers wrote

They wondered why police is not focusing on the released teachers instead of manufacturing cases against him after helping in the exposure of vice that is eating up the sector.

“My lord we have raised our clients concerns with you being the constitutionally mandated office to supervise all criminal charges in contrary so that you intervene to stop this capricious and unlawful cover up of a serious crime of examination malpractice”

Efforts to get a comment by Eagle Online from Minister Muyingo were unsuccessful as he didn’t answer his mobile phone.

 

 

 

 

 

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African Development Bank, EU reaffirm partnership to de-risk business environment, create jobs in Africa

AfDb President Akinwumi Ayodeji Adesina

 

 

The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs.

Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum.

Both men stressed the central role of investment in the transformation of Africa. Mimica said the EU whose goal is to move from billions to trillions in investment over the next decade, was encouraged by the Bank’s recent capital increase. “The Bank is our strategic partner – it important that it is well capitalized,” Mimica said.

The parties spoke on several areas of joint collaboration, including EU commitment for investments in Africa and its role as a major partner of the Africa Investment Forum.

Mimica said the EU would be supporting risk-sharing guarantees of 70 million euros set to unlock hundreds of millions and creating 175,000 jobs. Supporting investments in job creation in alliance with Africa over the next five years, the EU would disburse 60 billion euros in one of the largest guarantee funds created, creating 10 million jobs.

“The role of the Bank is crucial, we attach great importance to the alliance,” Mimica said.

Financial support from the EU has enabled the Bank to push through transformative initiatives such as PAGODA, which allows the institution to invest in infrastructure, especially in West Africa. PAGODA has enabled the bank to provide grants to low-income African countries, fragile states, provide concessional loans, technical assistance, equity and guarantees in support of sovereign and non-sovereign projects.

“The EU is the partner of choice for the African Development Bank,” Adesina said, adding that the EU had shown great support to the Bank in renewable energy.

The EU also took a tranche of risk in Room2Run, the African Development Bank and partners’ innovative $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans.

Speaking on the continent’s challenges, Adesina said despite its growing population, Africa was “brimming with hope.”

“The youth don’t need handouts. They are our assets in which we our financial institutions should invest,” he said.

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NWSC MD elected President African Water Association

Eng. Silver Mugisha, NWSC Managing Director who is credited with the latest innovations.

The Managing Director of National Water and Sewerage Corporation (NWSC), Dr. Silver Mugisha has been elected President African Water Association (AFWA) by the board yesterday in Kampala.

 He is the first Ugandan to hold the position.

The election came at a time when the country is in its final preparations to host the African Water Congress in February, 2020 where over 3000 water a sanitation experts and heads of state are expected to attend.

The African water Association (AFWA) is a professional association with over 100 utility members from over 50 countries across Africa. AFWA is the biggest and strongest agenda setting policy influencing and solution seeking association on the continent

In 2016, Dr. Eng Silver Mugisha was elected Vice President of the International Water Association (IWA).

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