Uganda raises 2011/12 coffee export forecast to 3.2 mln bags
KAMPALA (Reuters) - Uganda revised its projected coffee exports for the 2011/12 season up to 3.2 million 60-kg bags on Monday from a previous estimate of 3.0 million bags, an official at the industry regulator told Reuters. "We implemented a tree planting programme three years ago in central and south western regions and these trees are now maturing," Norman Mutekanga, manager for Strategy and ...
Uganda says oil could start flowing in a year
CAPE TOWN (Reuters) - Uganda's energy minister said late on Sunday that commercial oil production could begin as early as next year after London-listed Tullow Oil signed two production-sharing agreements with the country. "If I may give a tentative period, then maybe in a year," Ugandan Energy Minister Irene Muloni told Reuters on the sidelines of an annual mining conference in Cape Town. On ...
Uganda cardinal to religious: 'rise up to Africa's suffering'
KAMPALA, UGANDA -- The retired Archbishop of Kampala, Cardinal Emmanuel Wamala, Feb. 5, addressing an African religious delegation at a high mass in the in the Sacred Heart cathedral here, encouraged them to carry on with their work with the marginalized of the continent.
Uganda cardinal to religious: 'alleviate Africa's suffering'
KAMPALA, UGANDA -- The retired Archbishop of Kampala, Cardinal Emmanuel Wamala, Feb. 5, addressing an African religious delegation at a high mass in the in the Sacred Heart cathedral here, encouraged them to carry on with their work with the marginalized of the continent.
Uganda signs oil production deal
Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French firms.
Tullow Oil, Uganda sign production-sharing deals
KAMPALA (Reuters) - London-listed Tullow Oil has signed two production-sharing agreements with Uganda, allowing it to complete a deal with China's CNOOC and France's Total that will pave the way for commercial oil production. Ugandan Energy Minister Irene Muloni said on Friday Tullow had agreed to the construction of a refinery - a key sticking point in talks as the companies had wanted to ...
Tullow Oil, Uganda sign asset sale deal
Uganda on Friday signed production agreements with Anglo-Irish firm Tullow Oil, allowing the company to finalise a long-delayed $2.9 billion asset sale to France's Total and China's CNOOC.
Uganda trims rates, sees inflation slowdown
KAMPALA (Reuters) - Uganda's central bank cut its key interest rate by one percentage point on Wednesday, saying it was confident inflation would slow to single digits this year, even though some upside risks remained. The Bank of Uganda (BoU) ramped up its key rate from 13 percent in July to 23 percent in November as inflation in the east African country soared as high as 30.4 percent on the ...
Uganda shilling steady vs dlr, eyes on c.bank rate
KAMPALA (Reuters) - The Uganda shilling was little changed against the dollar on Monday amidst sluggish activity and traders said they were awaiting key economic data to give the currency direction. At 0837 GMT commercial banks quoted the shilling at 2,335/2,345, slightly stronger than Friday's close of 2,340/2,350. Uganda bureau of statistics is due to release January's inflation data on ...
Uganda's Museveni says Tullow farm out deal delayed
KAMPALA (Reuters) - Uganda said on Friday the proposed sale of stakes by UK-based explorer Tullow Oil in its fields in the east African country to France's Total and China's CNOOC had been delayed by disagreements over protective clauses. Uganda discovered oil in its west along the border with the Democratic Republic of Congo (DRC) in 2006. Production had been expected to start early this year ...
