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CNOOC  to take a stake in Ugandan crude oil pipeline

Oil pipeline

 

 

Chinese oil firm China National Offshore Oil Corporation (CNOOC) says it aims to have a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday.

Uganda discovered crude oil reserves about 13 years ago but commercial production has been delayed partly because of a lack of infrastructure, such as an export pipeline.

The 1,445 kilometre East African Crude Oil Pipeline (EACOP), costing $3.5 billion, will pass through neighboring Tanzania to the Indian Ocean port of Tanga.

“CNOOC shall participate in the EACOP project,” Aminah Bukenya, spokeswoman for the firm’s Ugandan unit, told Reuters, adding that the level of its equity stake would be determined by the joint venture partners.

The company jointly owns Uganda’s oil fields with France’s Total and Britains’s Tullow.

Total has previously said it was interested in financing the pipeline. Tanzania and Uganda are both expected to take stakes.

About two thirds of the pipeline’s cost will be financed by debt and a Ugandan unit of South Africa’s Standard Bank Group and Japan’s Sumitomo Mitsui Banking Corp are jointly helping to raise the credit.

Ugandan officials have said the government is now aiming to have commercial crude production start in 2022.

Government geologists estimates the country’s reserves, in the Albertine rift basin near the border with Democratic Republic of Congo, at 6 billion barrels.

Bukenya said CNOOC also planned to produce gas and use some of it to generate up to 42 megawatts of electricity for the company’s use and for sale to the national grid.

Energy Minister Irene Muloni said in December that Uganda’s oil fields had associated natural gas reserves estimated at 500 billion cubic feet.

 

 

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Mo Ibrahim Foundation announces the 2019 Ibrahim Leadership Fellows

Mo Ibrahim

 

 

The Mo Ibrahim Foundation is pleased to announce the 2019 intake of selected Ibrahim Leadership Fellows, who will make up the programme’s eighth cohort. The incoming Fellows have taken up the following posts: Nadia Hamel (Algeria) has joined the African Development Bank (AfDB), Anta Taal (Gambia) has joined the International Trade Centre (ITC) and Emmanuella Matare (Zimbabwe) has joined the United Nations Economic Commission for Africa (UNECA).

The Ibrahim Leadership Fellowships programme is a selective programme designed to identify and prepare the next generation of outstanding African leaders by providing them with mentoring opportunities in key multilateral institutions. The candidates, chosen from a pool of over 2,000 applicants, will benefit from the direct mentorship of the current heads of the institutions.

Commenting on the new Ibrahim Leadership Fellows, Mo Ibrahim said:

“Congratulations to the three new Ibrahim Leadership Fellows, who will be joining a cohort of 20. My aspiration for the newcomers is that they immerse themselves in this unique opportunity to gain in-depth knowledge and understanding of how such organisations function and use their learnings to continue to contribute to a more prosperous Africa.”

The 2019 Ibrahim Fellows:

Nadia Hamel has joined AfDB. She is an international development professional with extensive experience in policy research and advice, strategic programme management, and communications. She has worked with organisations such as the Organisation for Economic Cooperation and Development (OECD), and has supported projects with the Agence française de développement (AFD), the European Union (EU), and the United States Agency for International Development (USAID).

Anta Taal has joined ITC. She is an economist with ten years of professional experience in International Development, trade and investments, public-private partnerships and capital markets development. She has worked for the Ministries of Finance and Economic Affairs; Trade, Industry and Employment and Economic Planning & Industrial Development in Gambia. She has represented Gambia in key negotiations in the areas of energy, infrastructure and petroleum sectors.

Emmanuella Matare has joined UNECA. Emmanuella is an economist whose main interest is in the improvement of fiscal, economic and social conditions in African countries, with extensive experience in macroeconomic research and policy analysis, capacity building and programme management. She has worked with the African Forum and Network on Debt and Development, USAID Strategic Economic Research and Analysis Program and the Southern African Research and Documentation Centre.

The application process for the 2020 Fellowships programme will open on 12 August 2019.

 

 

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AfDB welcomes Fitch’s affirmation of AAA Rating: Driven by extraordinary shareholder support

ADB President, Dr. Akinwumi Adesina
 

The Fitch rating, of the African Development Bank (AfDB), published July 24, in London, is affirmed as AAA, with a stable outlook, on improved assessments, qualifications and estimates. The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years.

Fitch Ratings is one of the leading global providers of credit ratings, commentary and research. The agency upgraded the intrinsic assessment to ‘aa’ from the previous ‘aa’-driven by an improvement in Fitch’s assessment of the Bank’s business environment.

The Bank’s ‘aaa’ support from its shareholders was based on Fitch’s forecasts that the Bank’s net debt will be fully covered by callable capital from ‘AAA’ rated member countries by 2021.

The projection assumes shareholder approval of an increase in subscribed capital from 2020, and lending growth averaging 7 per cent year on year in 2019-2021.

Other key points from the Fitch rating include the following:

The Bank’s solvency assessment of ‘aa’ primarily reflects its ‘strong’ capitalisation.

The equity to asset and guarantees ratio remains within the ‘strong’ range.

Fitch’s usable capital to risk-weighted assets (FRA) ratio, newly introduced, was just below the threshold for an ‘excellent’ assessment (35 per cent) at end-2018 and is likely to be ‘excellent’ in 2019.

Overall risk is rated as ‘low’, with risk management policies seen as conservative and assessed as ‘excellent’.

Concentration risk is considered ‘low’ and has benefited from the Exchange Exposure Agreement with other development finance organisations.

Equity participation is expected to remain below 5 per cent of the banking portfolio by 2021, in line with the internal limit of 15 per cent of risk capital.

FX and interest rate risks are very limited and conservatively managed.

The liquidity assessment is ‘aaa’ and the quality of liquid assets is ‘excellent’.

The Bank’s business environment now translates into no negative adjustment (from a one notch negative adjustment previously) to the improved intrinsic rating, which reflects a stronger assessment of the bank’s strategy to ‘medium’ risk from ‘high’ risk.

The Bank’s outlook is rated as Stable.

As the Fitch rating states, the process for a General Capital Increase (GCI-VII) is expected to be completed by end-2019, including a final agreement on its amount.

The President of the African Development Bank, Akinwumi Adesina welcomed the assessment and said, “I am delighted by the affirmation of the AAA rating as well as the accompanying explanations, which clearly explain the solid and comprehensive reasons for the overall improvements in the intrinsic rating, as well as the ‘extraordinary support’ we receive from our shareholders. It is a massive boost for the Bank to be encouraged so strongly in the year of the General Capital Increase and with so much hard evidence provided.”

He added that “It is also a tribute to all our stakeholders, partners, and those who have been working at and with the Bank during this past year. Fitch’s rating is not just about our credit; it speaks volumes for the Bank’s solid achievements, consistent strategy, development impact, leadership, and overall direction.”

 

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Fufa Super League board retained

Rugendo giving a speech after being returned.

 

The Fufa Super League Limited has today re-elected the same board members who will be in charge for the next four years.

The election was conducted today during the extra ordinary general assembly at the Mandela National Stadium with the Uganda Premier League club chairpersons.

The event was graced by the FUFA CEO Edgar Watson, second Vice President Darius Mugoye, third Vice President Florence Nakiwala Kiyingi as well as Executive Committee members Hamid Juma and Ronnie Kalema.

The board will continue to be led by Arinaitwe Deo Rugyendo as the board chairman, David Serebe (Vice-chairman), Peter Kibazo, Francis Kawuma and Humphrey Mandu as the board members until 2023.

Rugyendo was re-elected with eleven out of the thirteen votes, Serebe also obtained eleven votes, Kibazo got 12/13, Kawuuma obtained 7/13 votes while Mandu obtained maximum votes.

The three newly promoted clubs (Wakiso Giants, Proline and Kyetume) did not vote because they are not yet admitted members according to the FUFA constitution.

“I have just been reelected Chairman of the Uganda Premier League for another 4 year term. Thank you UPL. My team and I promise Vision, Stability, Progress and Integrity in the game. It is Our game. It is Our country.” Rugyendo tweeted after retaining his position.

The Chairman will appoint the secretary and treasurer in due course.

Fufa Super League Limited Board Members (2019-2023):

Chairman: Arinaitwe Rugendo

Vice Chairman: David Sserebe Bunya

Members: Humphrey Mandu Watenga, Fredrick Ivan Kawuma, Peter Kibazo Kyasanku

 

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Arsenal stars Ozil and Kolasinac attacked by knife-wielding moped gang in car-jacking attempt

 

Arsenal stars Mesut Ozil and Sead Kolasinac were chased for a mile by knife-wielding motorbike riders in an attempted daylight car-jacking in north London yesterday.

Ozil, a £350,000-a-week midfielder, was ambushed by the robbers as he drove his black Mercedes G-Class through leafy Childs Hill at around 5pm on Thursday.

But as the thugs surrounded the 4×4, Ozil’s Arsenal teammate and childhood friend, Sead ‘The Tank’ Kolasinac, leapt out and bravely took them on.

CCTV footage form the scene shows Kolasinac swinging punches at the attackers and standing his ground against them despite being threatened with a knife. The attackers’ motorbike pulls away as the footage cuts.

But rather than that being the end of the drama, the players were then chased through the mansion-lined streets of north London in Ozil’s 4×4 in a high-speed chase that lasted for more than a mile.

The childhood friends sped towards a Turkish restaurant on Golders Green Road where they are known, and staff raced to their aid as they abandoned the Mercedes 4×4 in the road.

Witnesses said 30-year-old Ozil looked ‘terrified,’ as the waiters and chefs rushed to defend their friend.

One witness told MailOnline: ‘I saw Ozil being chased up my High Street by boys armed with knives.’

CCTV footage captured before the chase began shows burly 6ft Bosnian Kolasinac squaring up to and rushing at a robber whose face is obscured by a crash helmet.

The 26-year-old darts toward the front end of the Mercedes to face off an attacker as he makes sure the front passenger door is protected.

The fullback then turns to the rear of the vehicle to steam towards an oncoming assailant who appears to be wielding a blade while wearing a motorbike helmet.

At this point Ozil is able to drive forward in the £100,000 SUV as Kolasinac swings his bare-fists at the thug.

Off camera, Kolasinac was able to rejoin Ozil in the car and they sped away together, pursued by the raiders.

Waiters and chefs from Turkish restaurant Likya rushed to the aid of the football stars when they arrived forcing the riders to flee empty handed.

Neither of the Premier League players from the north London club were harmed during the incident.

Financial worker Azuka Alintah, 36, told the MailOnline: ‘Ozil looked absolutely terrified, as anybody would after being chased by men with knives.

‘He looked like he was running for his life. And I suppose he was.

‘I saw him disappear into the restaurant with the motorcycle guys on his tail.

‘They didn’t take off their helmets and were all in black, wearing long sleeved tops in this hot weather. They stood out.

‘God knows what would have happened if they’d caught him. It looked to me like he’d have been hacked to shreds and he clearly thought so too.

‘As soon as the restaurant staff started to come to the window and to the doorway, they turned around and roared off.’

Kolasinac’s fearless defence of his teammate is unsurprising to many Gunners fans who saw how Ozil took the Bosniak under his wing when he joined the north London club in 2017.

The pair have been friends since their teenage years, when Kolasinac looked up to the five-years-older Ozil when they were both at German side Schalke 04.

They became exceptionally close and last month they were pictured together at Kolasinac’s marriage to Bella, alongside Ozil’s wife Amine Gulse in Baden, Germany.

Indeed, both Bella and Amine wore wedding dresses by the same designer at their recent ceremonies. The Ozils’ wedding in Instanbul took place in the same week as the Kolasinac’s and Turkey’s President Reccep Tayyip Erdogan was Ozil’s best man.

After yesterday’s attack, Ozil’s car, with distinctive gold trim, was left in the middle of the Golders Green Road with the driver’s door open.

After police arrived they blocked off the road as other units looked for the motorcycle raiders. – Daily Mail UK

Attachments area

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Uganda Airlines granted Operator Certificate

New Uganda Airlines plane after touching Entebbe International Airport
 

 

The Uganda Civil Aviation Authority has issued an Air Operator Certificate (AOC) to Uganda Airlines in what the airline describes as the “biggest milestone” towards the start of its commercial flights next month.

Government revived the Uganda National Airlines that was established in 1976, but ceased operations in 2001 after failing to attract investors.

This year in April, two Bombardier CRJ900 aircraft were purchased from Canada at Shs 280bn – with more aircraft expected into the country to make up the six aircraft.

It was expected that the airline would start operations in July.

An airline cannot operate without the AIC.

Following unmet deadlines, the first flights are expected to take off in late August.

Mr. Vianney Luggya, the Manager Public Affairs at UCAA confirmed that Air Operator Certificate was issued yesterday.

On top of the the AOC, the airline must secure foreign air operator permits and licenses from destination countries before it can fly.

Some of the first planned destinations according to Transport Minister Monica Azuba include Kenya, Tanzania and South Africa with Ethiopia, Rwanda and Sudan expected to be added later with the arrival of two more aircraft in September.

 

 

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Ministry of Health launches oral Cholera vaccination in Bududa District

Cholera was declared in Bududa recently

 

 

As part of its strategic plan to prevent Cholera outbreaks in Bududa District, Eastern Uganda, the Ministry of Health is vaccinating over 50,000 individuals in 22 parishes that are comprised of 207 villages in the district, according to the latest press release.

Bududa District is currently facing an active cholera outbreak after heavy rains hit the district causing landslides that caused some deaths and uprooted latrines carrying faeces into the water streams used by the population.

According to the ministry, the outbreak is being responded to effectively by the resilient and determined health workforce.

The vaccination will be carried out in the parishes of: Busiliwa, Bushiyi, Bumwalukani, Saskusaku, Bumwalye, Bumasata, Bunambatsu, Bushunya, Bumusenyi, Banamanda, Buwashi, Bunandutu, Bunatsmya, Bulobi, Maaba, Shihulusi, Bumakhwa, Bumusi, Bubukasha, Bukibokolo, Bumatanda and Bunaporo.

The ministry successfully concluded the first round of the second phase of integrated oral cholera vaccination campaign in May 2019. The campaign targeted 630,120 persons living in the cholera hotspot sub counties in the four districts of Nebbi, Zombo, Pakwach and Buliisa. The vaccine coverages in the four districts were 53% in Buliisa, 102% in Nebbi, 106% in Pakwach and 84%in Zombo district.

The Ministry of Health will conduct the second dose vaccination campaign dose from August-September 2019. Oral Cholera Vaccine is administered orally for persons above one year to protect them against Cholera, a severe, potentially epidemic, life-threatening diarrheal disease. The vaccine is administered in two doses which are given two weeks apart and offers individuals protection of up to 5 years.

OCV is used as part of the Ministry of Health’s Integrated Cholera prevention and control strategy (including safe water, improved sanitation, and high-quality case management) and is in line with the on-going Cholera elimination activities.

The vaccine reduces the risk of an individual getting sick with or dying of Cholera.

A cumulative total of 51, including both suspected and confirmed cases have been registered; 48 of these have been discharged while 262 contacts have been line listed for follow up.

In order to further arrest transmission of Cholera in Bududa District, Ministry of Health and partners continue to undertake the following interventions: Intensified case management and surveillance of Cholera cases, construction of new household latrines and hand washing facilities, distribution of Aqua-tablets in all affected villages and active social mobilization and sensitization of communities on Cholera and its prevention and control measures.

The ministry has urged people in the affected areas and the general public public to; boil all drinking water or treat water with Chlorine tablets , wash your hands with soap after using the toilet, wash your hands with soap before eating food, always cover the food after cooking to prevent flies from contaminating the food and wash fruits and vegetables before eating.

The public is further urged to be vigilant and report any suspected Cholera cases and other strange deaths to the nearest health facility, or call our toll-free line, 0800-100-066

 

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Asians’ properties: Why Sudhir won case against board

Justice Murangira
 

The on-going debate on conflicting ownership of some properties formerly owned by Asians expelled from Uganda by Idi Amin violates an order which was issued years ago by the court, according a related ruling on Meera Investments versus Departed Asians Property Custodian Board (DAPCB).

For instance, in 2012, the High Court Land Division ordered (DAPCB) to stop enforcement of its decisions of June 6, 2012 against Meera Investments. DAPCB wanted to take over plot 24 Kampala Road from Meera Investments.

It was Justice Joseph Murangira who ordered DAPCB not to interfere with Meera Investments from developing the land. DAPCB’s actions were considered as being taken without jurisdiction, irregularly, unlawfully and illegally and therefore null and void.

The order was issued in regard to a dispute over land comprised on plot 24 on Kampala Road.

“An order of prohibition against the respondent (Departed Asians Property Custodian Board) to stop enforcement of the above decisions is granted to the applicant (Meera Investments). The respondent is accordingly prohibited from enforcing its decisions as against the applicant,” Justice Murangira ruled.

The said order was never appealed and or over turned by court.

The judge noted that the evidence on record by the applicant which was not challenged by the respondent is to the effect has been in physical possession of the suit property with the knowledge of the respondent since 1994 to date.

“From that year to June, 2012 the time the respondent expressed interest in part of the suit land is over 18years . More still the applicant in 1995 with the knowledge of the respondent as shown in the unchallenged evidence by the respondent, the applicant purchased the suit property from the original owners,” Justice Murangira ruled.

“The respondent has never at any time challenged the ownership of the suit land by the applicant. The respondent’s claims now over the suit land must have been hatched and made in bad faith by its officials in order to dispossess the applicant off the suit land, “ he added.

Meera Investments through its lawyers of Nangwala, Rezida & Co. Advocates filed an application seeking for orders that the decision of the respondent to the effect that the applicant is not the owner of land at plot 24 Kampala Road and that they should stop developing the said land were made and created without jurisdiction, irregularly, unlawfully and illegally and therefore a nullity among others.

In a sworn affidavit to support its case, its Managing Director, Dr Sudhir Ruparelia stated that the respondents had no jurisdiction whatsoever when it took the decisions referred to above aimed at depriving the applicant of its property on plot 24 Kampala Road  which in any event were time barred.

Meera Investments contends that it first purchased the property in November, 1994 from Greenland Bank and has been in its possession to date.

“It was later transpired in the same year (1994) that the property was subject to the repossession process of properties that were expropriated when Asians were expelled from Uganda in 1972 and indeed by virtue of a certificate of repossession NO.2391 dated 31st March, 1995 the property was returned to the former owners,” reads an excerpt from the court documents.

Court documents indicate that the former owners are Rameshchandra Bhowan Kataria and Kershavlal Premchard Shah (deceased) who agreed to sell the said plot to the applicants.

It is also said that the respondent expressly recognizes the applicant’s intention to purchase the property from the former owners before repossession and it was reflected in their letter dated January 5, 1995 signed by Mr Sam Male although he made a U-turn in the respondent’s affidavit in reply.

 

 

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Dr. Muvawala replaces Bigirimana as PS Gender Ministry

Dr. Joseph Muvawala

President Yoweri Museveni has appointed National Planning Authority Executive Director, Dr. Joseph Muvawala as Permanent Secretary Ministry of Gender, Labour and Social Development.

Dr. Muvawala who is also the Prime Minister of Busoga kingdom replaces Mr. Pius Bigirimana who was posted to Judicial Service Commission as PS replacing Mr Kagole Kivumbi was was told to step aside as they investigate him over misuse of resources.

Muvawala is credited for his ideas in the planning field and this could be the reason why the appointing authority considered him for PS job given that he among the young turks who could push Uganda to attain the lower mid income status.

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Pius Bigirimana transferred from Gender Ministry to Judicial Service Commission as PS

Mr. Pius Bigirimana

‘Star performing’ Permanent Secretary Pius Bigirimana has been transferred from Ministry of Gender Labour and Social Development to Judicial Service Commission.

He replaces troubled Kagole Kivumbi who is under investigation by Public Accounts Committee of Parliament and police over missuse of public funds.

“The appointing authority has directed that you be transferred from the Ministry of Gender, Labour and Social Development  to the Judicial Service Commission with immediate effect.  On receipt of this letter, prepare to hand over your office within the existing regulations and report to your new station without delay” reads the posting instructions from Mr. John Mitala, the the head of public service and secretary to cabinet.

In a telephone interview with Eagle Online, Mr. Bigirimana confirmed the development describing it as trust and confidence for the head of state to continuously deploying him. “I thank HE the president for having confidence in me and I will perform like I have always done”

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