Monthly Brief: March 2017

Andrew Felix Kaweesi, an Assistant Inspector General of Police and the force’s spokesperson, was gunned down about a mile from his home. Kaweesi was murdered together with his driver and bodyguard, both police officers. Several arrests have been made, but police are yet to apprehend the killers.

Annual headline inflation for the year ending March 2017 declined to 6.4% compared to the 6.7% recorded in the year ending February 2017. The decline was due to a fall in annual core inflation to 4.8% versus the 5.7% recorded in the year ended February 2017.

China National Offshore Oil Corp, one of the firms exploring for oil in Uganda, expressed interest in acquiring half of the 21.57% shares Tullow Oil announced it was selling to Total E&P Uganda in January. Cnooc’s interest was revealed by Tullow. The transaction is subject to regulatory approval.

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