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Energy, Oil & Gas
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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
March 25, 2024
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
January 18, 2024
Companies
Energy, Oil & Gas
Markets
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
January 17, 2024
Energy, Oil & Gas
Electricity prices drop by 1.6%
Electricity tariffs to be charged by Umeme for the first three months of the year reduce by an average of 1.6 per cent
January 5, 2024
Energy, Oil & Gas
TotalEnergies hires investment banker to review land acquisition for Uganda projects
TotalEnergies has appointed an economist and former prime minister of Benin to review its land acquisition programme in Uganda and Tanzania for the Tilenga and Pipeline projects
January 4, 2024
Energy, Oil & Gas
Oranto granted another extension of exploration licences
Oranto Petroleum's exploration licences for the Ngassa block in Hoima and Kikuube districts have been extended for two years
December 24, 2023
Companies
Energy, Oil & Gas
Mergers & Acquisitions
Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations
Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
December 12, 2023
Companies
Energy, Oil & Gas
Careful management of market uncertainties required to maximise returns from oil and gas
Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability
December 10, 2023
Energy, Oil & Gas
Why East African countries should rethink their nuclear power ambitions
Costs of building, maintaining, and later decommissioning a nuclear power plant make it one of the most expensive forms of electricity generation
December 8, 2023
Energy, Oil & Gas
Opinion
How green hydrogen can be made to work for Africa
Africa's limited energy infrastructure means that countries can leapfrog fossil fuels and build green economies based on renewable energy and designed to meet their needs
December 6, 2023
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