Earth Finds

Earth Finds

Bunyoro Kingdom Demands For Shares In National Oil Company

By  George Busiinge

Bunyoro Kitara Kingdom has demanded government to review petroleum laws to allow it have shares in the Uganda National Oil Company (UNOC). 

The Uganda National Oil Company Limited is a state own company established under section 42 of the petroleum Act 2013. It is the custodian of state’s commercial interests in the oil and gas industry.

Andrew Kirungi Byakutaga, the kingdom’s prime minister wants government to open up by allowing other institutions like Bunyoro Kingdom to buy shares in UNOC for the benefit its people.

“We are going to engage government and parliament more to ensure we get at least 25 percent shares in this company such that the kingdom is financially stable to support its people fight poverty. We ask government to find a way of doing it; either by offering it freely or selling to us,” he said.

Byakutaga made the remarks on Friday while meeting members and board of directors of Uganda National Oil Company at Miika Hotel in Hoima at a one day dialogue on the formalization and role of UNOC in the country.

He added that the legal team is drafting a proposal to tend to government demanding their shareholding in UNOC.

Byakutaga commended government for passing good laws to regulate and manage the oil and gas resource in the country especially the local content policy which he said caters for the local interests in the sector.

He however asked government to be consistent on its production target saying the inconsistencies creates more public anxiety. 

Byakutaga further tasked the company and other sister organs like Petroleum Anthority of Uganda, the ministry among others to ensure the 30 percent local content in employment and supplies in the oil and gas  is implemented.

He said although government pronounced itself on this, it still remains on paper.

Emmanuel Katongole, the UNOC board chairman said government is committed to ensure that every policy is implemented and respected. He asked local leaders to report any breaches.

Regarding the demand for shares in UNOC, he said section 42 of the petroleum Act 2013 provides that only two ministries of Finance and Energy are the shareholders in the company.

According to him, it will need reviewing the act to ensure other institutions can be accommodated to become shareholders.

“Under this section, the two ministries have 51 and 49 percent shares in the company and for any changes, it will need parliament to review this.” he said

Eng John Bosco Habwomugisha, the UNOC acting Chief Executive Officer commended the people of Bunyoro for proving a conducive environment for government.

He however advised local communities to ensure they form groups, formalize them and register on the petroleum Authority Data base.

Vivo Energy, Britam Partner To Launch Insurance Promotion

Vivo Energy Uganda recently partnered with Britam Insurance to provide affordable motor insurance for all its customers.

Driven by the steady growth in convenience-seeking customers, Vivo Energy Uganda is refurbishing existing Shell service stations so that they not only include high-quality fuels and lubricants but also offer services including shops, quick service restaurants, pharmacies, ATMs, tyre centres and car wash facilities. Insurance services is the latest addition to our offer.

During the launch of the promotion at Shell Kabalagala, Gilbert Assi, Managing Director, Vivo Energy Uganda said that Vivo Energy has invested in convenience retailing to offer a wider range of services to both customers who fuel and service their vehicles at Shell service stations, as well as walk in customers.

“The partnership with Britam Insurance Uganda continues to reaffirm what we have always said and believed in – that convenience retail is an extension of our core business at Shell service stations.”

Britam is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries, including Uganda, Kenya, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

Speaking during the unveiling of the promotion, Britam Insurance Uganda’s Chief Executive Officer, Allan Mafabi said the promotion cemented the strong partnership Britam has had with Shell over the years and showcased the importance of partnerships, a part of innovation, one of the key pillars in the Britam Group strategy.

Britam offers a wide range of financial products and services which include: Asset Management, Life Assurance, Retirement Planning, General Insurance, Health Insurance, Banking and Property.

These financial solutions enable our customers to create and protect their wealth and lives every step of the way. Britam’s third party and comprehensive vehicle and travel insurance is available at over 50 Shell service stations countrywide.

“Partnerships are part of what has allowed Britam to become one of the leading insurers, not only in Uganda, but within the Eastern, Central and Southern African regions. Affiliations with brands like Vivo Energy and its Shell service station network are what have attracted international shareholders such as the IFC – World Bank who own a 10.3% stake in Britam, AfricInvest III-SPV, a consortium comprising of The German Investment and Development Corporation, The Netherlands Development Finance Company and PROPARCO – owning a 14.3% stake, and most recently, Swiss RE one of the top two re-insurers in the world.” He said.

Mr. Richard Mwebesa, Britam’s Business Development Manager, also noted that: “Not everyone can afford comprehensive cover for their cars but we all know the annoyance and cost of stolen side mirrors and broken windscreens. This product solves that problem and fills that. For a little additional premium, we cover windscreens, door mirrors, side mirrors and rear-view mirrors.

Britam will also cover damage to windscreens where the damage is sufficient to cause your vehicle fail a test under the Traffic Act and we shall also take on the additional costs of shoring and propping of the damaged parts. It will be available at the Shell service stations to all customers and is part of this promotion.”

From 10th August 2018 until the 31st of October 2018, Selected Shell service stations will be offering free fuel of up to five litres for customers who buy Britam Insurance at any of the 50 Shell service stations offering this service.

The Managing Director of Vivo Energy Uganda thanked the partners and staff who have made it possible to deliver convenient solutions to our mutual customers. Vivo Energy Uganda is proud of the new partnership with Britam Insurance.

Ghana Summit To Address Electricity, Oil And Gas Potential In West Africa

EnergyNet will host the third Regional Energy Co-operation Summit (RECS): West in Ghana from 26-28 September 2018 - exploring business opportunities in the WAPP regional electricity market and the impact that anchor energy projects will have on regional energy development.

RECS: WESTis held with the official endorsement and participation of Honourable Boakye Agyarko, Minister for Energy of the Republic of Ghana. In alignment with the opportunities in the energy market in West Africa, the programme will follow Hon. Agyarko's portfolio: power, petroleum and financing infrastructures.

A strong emphasis will be given to the Government's plans to consolidate the gas sector and improve efficiency in the state energy utilities, particularly the ECG Private Sector Participation (ECG PSP) process.

The launch of the regional electricity market will impact West Africa's regional economy and create new business opportunities. Mr. Ki, Secretary General of West African Power Pool (WAPP) and Prof. Bogler, Chairman of ECOWAS Regional Regulatory Authority (ERERA) will present the first phase of the implementation and their priorities.

In addition to the above, speakers confirmed include:

Honourable Boakye Agyarko, Minister for Energy, Republic of Ghana

Honourable Dr. Mohammed Amin Adam, Deputy Minister for Petroleum, Ministry of Energy, Ghana

Honourable William Aidoo, Deputy Minister for Power, Ministry of Energy, Ghana

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

William Amuna, Policy Advisor to the Hon. Minister, Ministry of Energy, Ghana

Alfred K. Ofosu Ahenkorah, Executive Secretary, Energy Commission of Ghana

Fred Oware, Chief Executive Officer, BUI Power Authority

Emmanuel Antwi-Darkwa, Chief Executive Officer, Volta River Authority (VRA), Ghana

Cüneyt Uygun, Chief Executive Officer, AKSA Power

Charles Darku, Former Managing Director, Tullow Oil

Matthias Adler, Head of Division, Infrastructure and  Financial Sector, West Africa, KFW 

Official endorsing partners of the Summit include WAPP and Anare alongside Summit Sponsor ASKA Power, Strategic Partners Fieldstone Africa, ENGIE, METKA and Wartsila and Associate Sponsor Power Africa.

ENGIE To Build 8 Hybrid Solar Power Plants In Gabon

ENGIE has signed an agreement with CDC, the Gabonese financial institution Caisse des Dépôts et Consignations, to deploy eight hybrid solar power plants in Gabon, representing a combined capacity of 2.2 MW.

The implemented solution was developed by ENGIE's subsidiary, Ausar Energy in collaboration with CDC, the Gabonese Ministry of Energy, and the Gabonese energy and water company Société d'Énergie et d'Eau du Gabon (SEEG) and means that solar energy can be used in eight locations that are currently supplied by oil-fired thermal power stations.

With construction set to begin in a few weeks, this project will contribute to the Gabonese Republic's proactive policy of using renewable energy – solar and hydropower – to increase the country's energy capacities. The project will save the country 1 million litres of fuel oil per year, or 2,600 tonnes of CO2, and reduce generation costs by 30%.

Ausar Energy offers the African continent a hybrid solar power plant solution, with or without storage facilities, with capacities ranging from 50 kW to 2.5 MW. This solution is in line with ENGIE Group's strategy of promoting decentralised generation and distribution of electricity from renewable sources.

This strategic priority is designed to ensure continuous access to energy in isolated areas that are not and cannot be connected to grids, as well as to limit the consumption of fuel oil, manage costs and reduce pollution.

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