Tag: Uganda

CONTRACTOR

Uganda: Works At Katosi Water Treatment Plant 95 Percent Complete, Says Contractor

2 months ago
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The entire construction works of Katosi water treatment/ Katosi water works is currently at 95 percent complete, the contractor has said.

The water treatment facility is under construction in the lake side town of Katosi in Ntenjeru sub-county Mukono district. The construction started in 2019 but in 2011, the government through National Water and Sewage Corporation (NWSC) began to make plans to construct a water treatment facility at Katosi, to augment the facility at Ggaba to meet the needs of the rapidly growing population of Kampala metropolitan area.

The plant is expected to pump 160,000 cubic meters (160 million Liters) of water daily, expandable to 240,000 cubic meters (240 million liters) daily.

According to the Quality Engineer, Mr Simon Ssembela, civil works is at 95 percent; that’s mechanical and electrical.

“It’s only laying some pipes from the lake and connecting electricity to some areas remaining but everything is now finished

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HOME FINDER

Militaries of South Sudan, Uganda confirm clash near border

3 months ago
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JUBA, South Sudan – South Sudan’s army has accused Uganda’s army of making a “major incursion” into its territory that led to fighting in which two South Sudanese soldiers were killed. Uganda’s military confirms an “incident” between the two armies but says it happened within Uganda.

South Sudan in a statement alleged that the Ugandan military crossed the border Tuesday in Magwi county in Eastern Equatoria state with heavy artillery and forced the small number of South Sudanese forces there to retreat. A counterattack regained control of the area, the statement said, but one South Sudanese soldier was captured.

South Sudan’s army reiterated its “cordial relations” with Uganda forces but said it was “saddened by chameleonic behaviours of that army,” spokesman Lul Ruai Koang wrote.

He later told The Associated Press that the Ugandan side also saw deaths. He also accused Ugandan forces of killing several other South Sudanese soldiers

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FOR SALE

Tullow Jumps After Uganda Approves $575 Million Stake Sale

3 months ago
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(Bloomberg) —

Tullow Oil Plc received approval from the Ugandan government for the sale of a $575 million stake in an oil project to Total SE, sending the shares as much as 40% higher.

The beleaguered explorer has been waiting since 2017 to close its divestment in the Lake Albert Development Project, an effort repeatedly stymied by tax disagreements. As it sought relief from lenders this year to avoid blowing through debt covenants, securing proceeds from the sale became key to restoring stability.



Shares jump after Uganda agrees on sale

© Bloomberg
Shares jump after Uganda agrees on sale

“The government of Uganda and the Ugandan Revenue Authority have executed a binding tax agreement,” Tullow said Wednesday in a statement. The sale to Total has also been approved by the Ugandan minister of energy and mineral development.

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Tullow shares were 39% higher at 23 pence as of 11.19 a.m. in London. The stock is still

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