Energy, Oil & Gas

Energy, Oil & Gas

Petroleum Authority announces Steven Enach as new midstream director

Mr Enach has served in various capacities, including as petroleum geochemist and later as head of the chemical and process section at the Ministry of Energy and Mineral Development
A group of people infront of the Petroleum House, the HQ of the Petroleum Authority of Uganda
CompaniesEnergy, Oil & Gas

UEDCL losses top Shs10bn as higher costs offset revenue boost

Uganda Electricity Distribution Company, the state-owned power utility, posted yet another full-year loss in the year to June 2024
A man looking up at an electric pole, with his back to the camera
Energy, Oil & GasOpinion

What’s at stake as Uganda’s electricity distribution changes hands?

The transfer of electricity distribution assets back to the state-owned Uganda Electricity Distribution Company, following the departure of Umeme, has sparked a dispute centring on a $235mn compensation claim by Umeme
Power substation in Uganda's Iganga town
Energy, Oil & GasEnvironment

Why funding nature-based solutions is crucial to tackling climate change and biodiversity loss

Nature-based investments are already profitable and scalable, and could create 395 million jobs by 2030, but receive only 15% of the investment of traditional climate solutions
A river in the city of eThekwini in South Africa's KwaZulu-Natal province. eThekwini is addressing climate risks in the Greater Durban area by restoring rivers and implementing community-led management programmes. In addition to collecting more than 100 tonnes of waste and clearing 98 hectares of invasive species, the nature-based initiative has created more than 1,000 jobs since its launch in 2022.
EconomyEnvironmentPolitics & PolicyProperty

Raising revenue from land: what African cities can learn from Hong Kong’s unique leasehold system

Often cited as a prime example of effective land value, Hong Kong uses a variety of land-based financing models that have proven effective in funding key public projects
Final approach to Hong Kong with views of Victoria Harbour and Stonecutters Bridge in the early morning, July 2016
CompaniesEnergy, Oil & Gas

TotalEnergies buys stake in Bujagali hydropower plant

TotalEnergies agreed to buy a minority stake in the Bujagali hydropower project from Norwegian energy company Scatec
An overhead picture of the Bujagali hydropower plant on the Nile River near Jinja
Energy, Oil & Gas

Regulator raises Umeme electricity tariffs

The electricity sector regulator said it had increased domestic tariffs for electricity supplied by Umeme Limited by 2.7 per cent in the second quarter, and overall tariffs by an average of 2.5 per cent
Umeme Limited employees and officials from the Electricity Regulatory Authority of Uganda inspect a power station
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme writes off Sh432.9bn as end of service concession nears

Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Electricity infrastructure in Pemba, Tanzania. In May 2010, a submarine cable brought electricity from Tanga to Pemba (and on to the mainland). The cable was buried in the picturesque surroundings of Mkumbuu; three metres into the ground before rising to a mast about 120 metres from the water's edge. The cable continues to the Wesha substation, where "feeders" distribute the power to the island's grid. Norway paid NOK 475 million (out of a total cost of NOK 575 million). Norway also provided technical assistance to the project. The cable is now operated and maintained by the Zanzibar Electricity Corporation (ZECO).
Energy, Oil & Gas

Ionic Rare Earths gets Makuutu mining licence

Ionic Rare Earths Limited said that it has been granted a 21-year mining licence for the central tenement of its Makuutu heavy rare earths project
Ruth Nankabirwa, the minister of energy and mineral development, after signing the mining licence on 17 January 2024 in Kampala. With her are Patience Singo (left), the country manager of Rwenzori Rare Metals, the owner of the Makuutu project and a subsidiary of Ionic Rare Earths Ltd, and Warren Tregurtha (second left), the chief executive of Rwenzori Rare Metals, and Vincent Kedi, commissioner licencing and administration in the ministry of energy. Ionic Rare Earths Limited said Wednesday that it has been granted a 21-year mining licence by the Ugandan government for the central tenement of its Makuutu heavy rare earths project, paving the way for a final investment decision later this year and production in 2026. The tenement covers 43.78 square kilometres of the project's 298 square kilometres.
CompaniesEnergy, Oil & GasMarkets

Umeme issues profit warning, blames assets writedown

Accounting charge relates to the writedown of the utility's non-current intangible assets over the shorter of the remaining term of its distribution concession or their useful life
Umeme's service centre in Jinja town, on Lubas Road
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