Tag Archive
This Week’s Hot Sheet: News From Home
Leaked diplomatic cable says U.S. ambassador wanted a travel ban posed on Mbabazi and Onek, Iryn Namubiru named the top diva for 2010 by the Afro Pop Diva Awards, Bebe Cool launched his "Big Size" album, 9 radio stations refuse Besigye adverts, IPC says government recruiting militias for 2011, and workers leave cars at... »
Tullow Uganda Announces Scholarships
Tullow Uganda awarded four scholarships to students pursuing careers in the oil and gas industry. The four are off to study at Manchester University in the UK. »
East African Money: Terror and Tourism, Tullow Oil, Rift Valley Railway
We know how important the latest business information is to the diaspora-- check out the new home of East African Money, which features the day's biggest regional and diaspora business stories. »
Heritage Asked to Pay Government $404 Million For Sale
Earlier this year, Heritage Oil sold its oil stake in Uganda to Tullow Oil for $1.5 billion. Uganda says the Canadian multinational should pay Uganda over $400 million in sales and capital gains taxes. »
Uganda Releases More Information On Oil
Although Uganda's policy on oil won't be available for public debate until May, the government has released some details. British multinational Tullow Oil and its partners will own 85 percent of Uganda's oil, and the government will control 15 percent. Tullow will pay a gains tax on its purchase from Heritage Oil,... »
Uganda Delay Spooks Heritage Investors
Delays in Heritage's $1.3 billion sale of Ugandan oil assets to Tullow made investors nervous last week, causing its shares to drop almost ten percent. Read more here. »
Uganda Gets Raw Deal With Tullow Oil? Secret Documents Leaked Online
Journalists sued the Ugandan government to gets access to its agreements with foreign oil companies, after billions of barrels of oil were discovered in western Uganda. They lost-- but an advocacy group say the agreement between Tullow Oil and Uganda was leaked online, and doesn't look good. »
