Earth Finds

Earth Finds

King Mohammed VI of Morocco Lends Hand To Gas Summit

On November 29 to 1 December 2017, Under the High Patronage of His Majesty King Mohammed VI of Morocco, The 'Gas Options North and West Africa Summit' and The 'Africa Renewable Energy Forum' will assemble some of the most active national and international public and private stakeholders to forge partnerships, finalise deals and glean the most important developments taking place in Africa's energy and power sector.

Travelling to Casablanca to join these high-level discussions, the Forums have confirmed the participation of 5 Ministers of Energy including:

Honourable Aziz Rabbah, Minister of Energy, Mines and Sustainable Development, Government of the Kingdom of Morocco

H.E. Honourable, Patrick Eyogo Edzang, Minister of Water and Energy, Gabon

H.E. Honourable Minister Maliki Alhousseini, Minister of Energy and Water, Mali

H.E. Honourable Jorge Seguro Sanches, Secretary of State for Energy, Portugal

Hon. William Owuraku Aidoo, Deputy Minister for Power, Ministry of Energy, Ghana

H.E. Honourable Senator Tsitsi Muzenda, Deputy Minister of Energy and Power Development, Zimbabwe

With the support and attendance of high level experts from Cheniere, Siemens, Shell, White & Case, Wärtsila, Clarke Energy, Karpowership, DBSA, DLA Piper, ENGIE, Fieldstone Africa, Jinko Solar, ACWA Power and Alfanar, the Gas Options: North and West Africa Summit and the Africa Renewable Energy Forum will collaborate with distinguished experts such as Amina Benkhadra, Director General, National Office of Hydrocarbons and Mines (ONHYM), Leila Farah Mokaddem, Country Manager of Morocco, of the African Development Bank, Marie-Alexandra Veilleux-Laborie, Director, Head of Morocco, European Bank for Reconstruction and Development, Koffi Klousseh, Director of Project Development, at Africa50,  Rafael Huarte, Lázaro, Director, International Gas Union (IGU), and Khalid Berradi, Chief Operations Officer, of OCP Policy Center.

Some of the most pressing topics to be discussed will include, what is the long-term commitment of the private sector in making renewable energy profitable and affordable, What new technologies are promising to change the course of renewable energy development, should Governments and DFIs be developing more guarantee and risk mitigation instruments and the potential of the Gas IPP procurement programme as an anchor for industrial growth.

  • Published in Africa
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Jumia Food Launches Uganda's First Alcohol Delivery App

Jumia Food has launched Jumia Party - a New 1 hour alcohol delivery service App in Kampala. The new app gives users access to a full marketplace of spirits, wines, beers and mixers so that the process of picking the evening's inebriant of choice feels a lot like ordering food from Jumia Food. Just with alcohol.

Jumia Party has partnered with Pernod Ricard, the world's No 2 producer in wines and spirits, to provide on-demand delivery to homes and offices in Kampala. Alcohol delivery orders can be placed through the new app free on ios and android or by visiting Jumia Party is also available for selection on the Jumia Food platform -- replacing the Online Bar.

Placing a drinks order could not be simpler. Customers log on to the free app or by confirming they are of legal drinking age, they select the items they want and add to cart, then checkout after confirming delivery location.

Riders pick customers' orders from the nearest fulfillment centre and dispatch it within 1 hour. Customers pay either with cash or card on delivery or via MTN Mobile Money. ,

"Kampala comes to life at night, which is unfortunately when most liquor shops and supermarkets close," said Ron Kawamara, Jumia Food MD for East Africa.

"Jumia Party is our answer to having popular late night drinks delivered at the tap of an app, and at lower prices than in the supermarket."

"Our mission with Jumia Party is to make sure you always have quick and affordable access to your favourite alcohol brands, whenever you want them. Whether you've run out of wine at dinner, find yourself empty handed at a party, or just want a cold one delivered to your couch, Jumia Party has you covered", concluded Ron Kawamara.

Pernod Ricard Kenya MD, Denis Ochanine noted that the ongoing innovation is at the core of their strategy - flexibility to new trends and understanding consumer expectations makes us the industry leaders. 

“Through our development of Jumia Party we are using the digital space to interact directly with our consumers and provide them new consumption moments. Most importantly it allows us to put forward customized offers tailored to their preferences. As the Jumia Party platform grows we look forward to enhancing it with innovative product offerings".

Furthermore, to celebrate the app's launch and Jumia Food Black Friday, customers will have access to discounts up 50% from November 24 - December 8, 2017 on select popular products.

Wasteful BoU Spent Shs4billion On Lawyers, Auditors In Crane Bank Case

The case between Bank of Uganda and Dr. Sudhir Ruparelia, the former proprietor of Crane Bank( in receivership), a commercial bank which was sold off to DFCU Bank early this year, is knocking out the central bank financially yet the case hasn’t even taken off.

New information emerging in various media outlet indicate that Bank of Uganda spent four billion shillings (Shs4bn) on lawyers and auditors while pursuing Dr. Sudhir instead of Shs300m it told while they appeared before parliament.

Joseph Masembe's MMAKS was paid sums of money by BoU

The money was reportedly paid to a local law firm Messrs. MMAKS Advocates and two international audit and accounting firms, PriceWaterHouse Coopers (PwC) and Klynveld Peat Marwick Goerdeler (KPMG) in legal and ‘management’ costs, respectively.

In a report published by Eagle Online, a local news website, BoU paid out a total of US$804.094 to law firm Messrs. MMAKS Advocates in December 2016 and May 2017 in respect to Crane Bank, in transactions initiated by Citi Bank in New York, with Barclays Bank PLC in New York as the ‘intermediary institution’ and the BoU as the ‘ordering customer’ referenced as number 099276065.

The money, according to Eagle Online, was paid in two installments, with the first disbursement of US$166, 796 paid out as ‘professional fees’ on December 14, 2016 under sender’s (Citi Bank) Ref. No. 991FOCT163490002, and the second installment of US$804, 098 disbursed on May 11, 2017 under sender’s (Citi Bank) Ref. No. 991FOCT171310022.

And, according to a ‘Tax Invoice/Debit Note/ Pro forma Invoice’ by MMAKS Advocates dated November 28, 2016 and titled ‘Transaction Advice IRO to take over of Crane Bank Limited’, the law firm sought US$230.000 as ‘professional fees’ at the ‘pre take over stage on the intervention in Crane bank Limited’ (“CBL”), and of the said money the first disbursement of US$166.796 is made reference to, leaving an outstanding balance of US$75, 313.

As for KPMG, in an October 24, 2016 letter to Benedict Sekabira, the BoU Director Commercial Banking, the accounting firm detailed the payments to be made to its four staff members who were to offer ‘technical support’ to the BoU team in respect to the management of Crane Bank after take over.

BoU also came out to deny that they hadn’t paid any money to MMAKS advocates in a press statement, BoU only acknowledged the filing fees.

In the letter titled ‘Letter confirming terms of engagement for provision of technical support to Bank of Uganda team at Crane Bank Limited’, KPMG demanded that it’s three IT Specialists: Moses Kipchirchir, Raymond Mugo and David N Waweru, and one Financial Specialist, Jonah Mwanja, be paid US$800 per day for an unspecified period of time.

The figure was later revised downwards to US$650 a day, and according to the specimen signature on the letter referenced B004/bmn/mk and received by Sekabira on October 26, 2016, only one person signed to receive the money on behalf of the four KPMG specialists.

In the letter, it is not clear how long the duration of the technical support was. However, in a letter to the Executive Director Supervision dated March 24 KPMG with Kaindi Kalyesula Wilson as the reference person, and through Tax Invoice No. 631F07143 demanded from BoU US$83, 611.33, ‘being Professional fees for the months of November, December and January for support and monitoring at Crane Bank Uganda Limited’.

As for PriceWaterhouse Coopers, on December 6, 2016, the audit firm ‘Tax Invoiced’ BoU US$243.000 under invoice number KLA 36200850, in respect to ‘investigative and forensic review services of ‘Project Nyonyi’, the name adopted by BoU and PwC in respect to the Crane Bank post-closure management. The Invoice was issued against Credit Notes KLA 36200849 and KLA 36200820.

On the same day, PwC issued Tax Invoice no. KLA 36200851, making reference to UgShs286, 650, 000 charges for ‘Progressive fee note of the compilation and agreed upon procedures engagement of Crane Bank Limited as at 20 October, 2016’. Part payment of UgShs200, 655, 000 and the disbursement was made against Credit Notes KLA 36200841 and KLA 36200813.

Further, on December 16, 2016, PwC through Tax Invoice 36200873, made the final fee note demand of UgShs91 million and VAT of 16, 522, 610, bringing the total to UgShs 108, 314, 888.

And early this week, it emerged that the BoU had engaged the services of another law firm, Messrs. Sebalu and Lule Company Advocates, to represent its interest in the imminent mediation, a development that is likely to make the bill shoot up.

Bunyoro Kingdom Tips Subjects On Land Use

By Busiinge George

The Prime Minister of Bunyoro Kitara Kingdom Rt Hon Norman Lukumu has asked people in Bunyoro region to use their land productively in order to benefit from oil and gas that was discovered in their region.

He was speaking at the 70th birthday celebrations of the speaker of Bunyoro Kitara Kingdom parliament Rt Hon Jos Wamara in Ntoma village, Masindi district yesterday.

Lukumu said leaving chunks of unutilized land increases chances of land being encroached on by rich people now that they know the region has oil and gas. 

He called for hard work, coexistence, teamwork among the people of Bunyoro so that oil and gas don’t become a curse but a blessing  to people of Bunyoro .

He described Wamara as a honest, assertive and hardworking person who should be emulated and is ready to benefit from oil and gas industry here in Bunyoro because he has started laying strategies through how he will benefit from oil by doing farming on his peace of Land in Ntoma village Masindi district.

Wamara who is a former Masindi district chairperson asked people to always thank God for their achievements and always put God to be the first.

He challenged the residents to utilise the little land they have in order to benefit from oil and gas by planting tomatoes, onions, fruits and others because these oil companies will demand for these farm produce.

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  • 24 Mar 2016 28°C 22°C
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