Baz Waiswa

Baz Waiswa

Magufuli Makes EACOP Local Content Case

Tanzania’s President John Pombe Magufuli has asked Total, the lead investor the East African Crude Oil Pipeline (EACOP), to hire local contractors and employ Tanzanians during the construction of the crude export pipeline which will transport Uganda’s crude oil.

The President said Tanzania has adequate and experienced contractors, engineers and skilled labour who can work on the project. Tanzania is not new to constructing pipeline. As a gas producer, Tanzania has over the years laid several pipelines to transport gas. The President was meeting Total President for Marketing and Services Momar Nguer.

Construction of the pipeline from Hoima in western Uganda to Tanga sea port in Tanzania is expected to tee off in January. Uganda is expected to start oil production in 2020 therefore the pipeline has to be ready by then. This provides enourmous job opportunities for both Tanzanians and Ugandans.

"We are highly positive that the project will be completed before the time limit; apart from export markets, the East African region alone has a population of about 165 million people who will provide reliable market for the product.

The government of Tanzania assures maximum cooperation to Total and other partners in execution and operating the pipeline, provided you pay requisite taxes and abide by the laws of our country," President Magufuli told the delegation.

President Magufuli and his counterpart Yoweri Kaguta Museveni in NOvember commissioned the construction of the 1,445km-long East African crude oil pipe line from Hoima district in Uganda to the Tanzanian port of Tanga.

The heated crude oil pipe line, the longest of its kind in the world, will cost $3.5 billion and will be completed by 2020 making Uganda join the ranks of oil producing countries. The pipeline works will be undertaken by Total E&P, CNOOC and Tullow Oil together with the two governments of Uganda and Tanzania. The pipe line will on completion carry 216,000 barrels of crude oil for export daily.

Presidnet Museveni said because of the numerous concessions from the Tanzanian government, the cost of delivering a barrel of oil from Hoima to Tanga will be $12.2 per barrel, making Uganda’s crude oil profitable even at today’s rate of $50 per barrel.

“The pipeline is going to cost US$3.5 billion, which is a lot of money but make sure that you earn from it. If you have a hotel, those who work on the pipeline will lodge in it; if you have food in the garden, you can sell it to these workers and if you have a car for hire, you can use it,” said Museveni.

Female Guild President Takes Over At Victoria University

For the first time in its history, Victoria University Kampala will have a female guild president. Maria Peggy Nabunya, the incoming guild president was on Saturday sworn in alongside her guild government at a colorful dinner at Speke Resort Munyonyo.

Ms Nabunya, the fourth guild president at Victoria University, takes over from Peter Isiko. She is a second year student undertaking a bachelor's of science in public health at the Ruparelia Group owned University.

Rajiv Ruparelia, the promoter of the Jinja road based University congratulated Ms Nabunya upon completing a successful campaign. Rajiv hailed the ‘spirit of competitiveness’ showed by all candidates who participated in the guild campaigns competing for different posts.

Maria Peggy Nabunya swearing in as guild president of Victoria University

He encouraged the news University student leaders, and especially to those who lost in the elections, to take the challenge presented to them as a learning process and never to give up. “When you fall, stand up, keep running. Don’t ever give up,”

Ms Nabunya, who has been the vice guild president, in an interview, explained that she was compelled to go for the top student leadership job because she had ‘so many ideas that I felt the need to continue with leadership in order to see those ideas come to reality’.

“I intend to work with the entire university to see that students continue to reap the fruits of the tuition they pay in terms of career growth, engaging students in activities that encourage us to be job creators as opposed to being job seekers. I also intend to have VU engage in more inter-university activities,” she added.

Being Guild President Of Victoria University Has Been Sweet But Challenging - Peter Isiko

The history of Victoria University Kampala will barely be written without the name Peter Isiko, the University’s third guild president. The computer science student on started handed over the guild presidency to another person who name will forever re-echo in the history of the University – Maria Peggey Nabunya, the first female guild president.

In this exclusive interview Peter Isiko dwells deeper into his one year rule as the top ranking student leader of the Ruparelia Group owned University located on Jinja road in Kampala, the capital of Uganda, East Africa. Read on.

How has been your reign as guild president of Victoria University? How can you describe it?

It has been bittersweet because there have been challenges as well as accomplishments. I have had several things that I wanted and managed to do and then others that I didn’t do. But overall I will give my reign as guild president of Victoria University a 60-40 score. The 60 percent is for the achievements and the 40 percent for the challenges I faced.

Talking of challenges, what are some of these challenges?

The biggest challenge has been the response from students. When you are at Victoria University it is not the same as any other local university. The main component of the student body is not native, they are not all Ugandan.

They come from so many different cultures so their interests vary. It is hard to get them on a common ground. Obviously things like sports and clubs they try to contribute but other activities it was not so easy to get a common ground.

The other challenge was the communication gap between administration and students because of the culture issue. If you have a student from South Africa, Zimbabwe or Nigeria, the way they communicate is different from a Ugandan student, typically.

Obviously the administration can communicate something that you as a Ugandan can understand but the Nigerian may perceive it in a different way so you have to bridge the gap. Those are some of the challenges I can point out for now.

And what are some the things you have done for the University as guild president? What are your achievements?

We managed to set up a vibrate sports club where games like football, basketball and swimming are now very strong and vibrate at the university. Before there were no games the University was participating in.

We also managed to build student clubs at the university; the Rotaract Club of Victoria University was chartered. It is now a growing club with a strong a membership of 30 students.

The business club is also up and running, they are having their launch next semester, we couldn’t do it this semester but they recently had a business dinner.

I also managed to build faculty activities. For example the health science faculty, they just had their own health week. The faculty of technology had their technology boot camp under the guild council were the security mobile app was built.

Under my reign I wanted to do two things; one, to show the intellectual prowess of our student and also engage them to the outside world. These I achieved.

How has being a guild president at Victoria University impacted you at a personal level?

I have met so my people in my field, I am a computer science students, who wouldn’t otherwise listen to you twice before but now they pay close attention they say since he is a guild president let us hear what he has to say.

So at a personal level I have made connections with people who are going to help me out professionally the moment I finish university, this being my last semester.

And how has it impacted you academically?

I maintained my good grades throughout like it were but being guild president imparts more pressure on you. Instead of reading for two hours, you might find that you need to find a third extra hour to read maybe because half the time you were not in class or something like that. It gets hectic.

Would you recommend someone to join Victoria University?

Yes definitely, Victoria University is growing. It is a University that looks at high standards, a university that looks out for the best for their students so when someone joins the university they can’t leave the same way they came. They will meet very many high profile people which help their careers.

At the same time, the learning system at Victoria University is not a typical school system, its quite different. It looks out for things that will train you for the future. It is an interesting and different place to study from.

Now that you have tasted leadership as guild president, would you consider joining mainstream politics and political leaders at a national level?

After being guild president, I understand what is required of a leader but usually my principle has been that always go for leadership when there is a change you can bring to the people.

It is not about people loving you or people supporting you but sometimes it is about what change you can bring about in society or community. Right now I don’t see what I can do because my vision right now is to move in the realm of technology development and innovations.

Maybe we can wait and see what the future holds but at the moment no, I don’t see myself going into that kind of leadership.

ICD, Shobak Wind Energy Sign $26m Agreements

The Islamic Corporation for the Development of the Private Sector ("ICD") and Shobak Wind Energy PSC have signed the facility agreements for a US$26 million Shariah-compliant senior financing to part fund the construction of a 45 MW wind farm (the "Project") in Jordan near the Shobak town municipality,160 km south of Amman.

The balance of the senior financing is being provided by the European Bank for Reconstruction and Development (EBRD) and Europe Arab Bank (EAB).

The Project Company is majority owned by Alcazar Energy Partners, a UAE-based independent developer active in the Middle East, Africa and Turkey. Alcazar Energy is developing the project in partnership with Hecate Energy LLC, a US-based developer.

The Project, which will deploy 13 wind turbines supplied by Vestas Wind Systems, will be constructed over a 2-year period and have a total cost of approximately US$104 million. Once the Project is operational, the generated power will be sold to the Jordanian National Electricity Power Company (NEPCO) under a long-term power purchase agreement.

The Project will support Jordan in increasing its electricity generation capacity from clean, indigenous and renewable sources and reducing reliance on costly hydrocarbon imports. It will help the country abate more than 100,000 tons of CO2-equivalent per annum, supporting Jordan's emission reduction targets under the Paris Climate Agreement, as well as promoting sustainable energy development and private sector participation in the country's energy landscape.

Mr. Khaled Al-Aboodi, the Chief Executive Officer of ICD, commented: "We are delighted to be part of this success story, and happy to have been able to support Alcazar Energy in this important investment,”
“I would also like to thank the Government of Jordan for their continued support and commitment to this critical sector, and we are looking forward to expanding and deepening our involvement in the country through similar interventions in the very near future.
We are also very pleased to continue our fruitful cooperation with EBRD, as this transaction follows the recent closing of several comparable co-financings in the Arab Republic of Egypt just last month."

Daniel Calderon, Co-Founder and CEO of Alcazar Energy, said: "The Shobak project is another significant milestone for our company to build a sustainable portfolio of assets. By early next year when Shobak construction starts, our portfolio will comprise seven projects in construction or operation in the region. We appreciate the continued support of the government of Jordan, our lenders and investors. Shobak is the first of our projects to be partly funded by a Sharia compliant financing and we are delighted to welcome ICD as a new financing partner."

 

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