Earth Finds

Earth Finds

Govt, Buliisa Land Owners Strike Oil Land Compensation Deal

By Busiinge George

The government, Buliisa land owners have finally agreed on land compensation. The government reportedly requires a 1.5km by 2km land in Buliisa District for the construction of the Central Processing facility- one of the key infrastructures for the oil and gas industry.

Locals in Bulisa have reportedly hiked prices for their land as they expect to cash in from the government compensation rates. On Friday, a number of Ministers including Finance Minister; Matia Kasaijja met in Bulisa district to convince locals there to accept government compensation rates for land where the Central Processing Facility (CPF) is to be constructed.

The Ministers meeting in Bulisa on Friday also included Lands Minister, Betty Amongi, State Minister for Minerals, Peter Lokeris. They were joined by a number of MPS from Bulisa and Hoima together with political leaders at the district.

Sources that attended the meeting say land owners have finally agreed to be paid 3.5 million shillings for an acre of land after hours of haggling. It appears, however, that political leaders from Buliisa had wanted the rates not below 20 million shillings.

Central Processing facility will be required for storage, stabilization and treatment of crude oil before being fed into the refinery or crude oil export pipeline.

Bunyoro Leaders Demand Involvement In Oil Development

By George Busiinge

Leaders in Hoima district say locals are likely to miss out on the available opportunities in the Oil and Gas sector since government has always failed to involve host communities in the decision making processes in regard to the sector.

Officiating at the closure of a one day stakeholder’s dialogue on extractive governance organized by Bunyoro ALBERTINE Petroleum Network on Environmental Conservation-BAPENECO at Hoima Resort Hotel recently, the Hoima district chairman Kadir Kirungi said most oil projects are being implemented in the host districts without the involvement of the locals and their leaders.

He says such challenges have left an information vacuum, hence hindering the implementation of local content. James Mugenyi Mulindambura, the Kigorobya Sub County LCV councilor accuses the Ministry of Energy and Mineral Development of failing to establish an information desk in all host districts saying this has led to an information gap.

John Steven Ekomu, the Hoima RDC called for environmental protection as the country heads to the oil production phase adding that there is a lot of depletion of Natural resources like forests and wetlands.

Michael Businge, the coordinator of BAPENECO urged leaders to prepare locals to enable them benefit from the oil and gas sector.

KCB Trains Agency Banking Players

KCB Bank Uganda has trained potential banking agents in preparation for the roll out of agency banking services to Ugandans.  According to Michael Ssekyondwa, the KCB Agency and Digital Finance Manager, the bank is expecting to officially start agency banking services early next year.

“We have taken a lot of time to make sure that we identify quality agents, those who are able to provide infrastructure, premises and invest money in their business and have the capacity to serve our customers,” noted Ssekyondwa “So far, we have 27 agents that have been approved by the Central Bank.

Agency banking is where a commercial bank appoints a third party (agent) to transact business on its behalf. The agent could be a petrol station, a retail or hardware shop, a supermarket, among others.

According to Bank of Uganda, Agency Banking is expected to stimulate financial inclusion and deepen the financial sector. Customers will now be able to deposit, effect withdrawals and carry out other transactions through the bank agents.

In addition to training agents in preparation for the roll out, the bank has also invested in a robust system technology.

“We know that for agency banking to work to successfully, it has to be anchored on a very stable and strong platform and we have done a lot of groundwork to test our systems to avoid any system failures.”

According to Ssekyondwa, agency banking is still a new concept in the market and a learning area for both bankers and agents. “There is still a lot of knowledge gaps,” he notes “We need to bridge these gaps by constantly training our agents for them to appreciate how the agency banking channel is going to operate,”

Senteza Musa, one of the KCB agents present during the training noted that agency banking will increase traffic into his printing business which he can turn into sales meaning additional revenue for his business. “I now know how a point of sale machine will work, I have also learnt the kind of services that I will offer to my customers who want to bank,” he notes “I hope that my printing business will make additional profits because of agency banking.”

d.light Solar Launches The First Solar Television Of Its Kind In Uganda

d.light Solar, a global leader in solar powdered solutions this week launched a ground breaking solar television- X850, the first of its kind in Uganda. 

d.light Solar is the leading manufacturer and distributor of  Solar Home Systems worldwide with its headquarters are in California USA. The company has been in existence for over 10 years now and has impacted on nearly 100 Million lives globally. 

Speaking during the launch, George Kawemba, Head of Sales d.light Solar Uganda said, ‘d.light Solar prides itself for giving consumers more energy options for less money. We envision a future where all people are empowered to enjoy the freedom and improved quality of life that comes with access to reliable, affordable off-grid light and power.

To this end, d.light  Solar recently released its award-winning Television solar product the X850 solar home system which is now available to the Ugandan masses with an affordable payment plan of only 2,000Ushs per day for 18 months. 

The Solar Television – X850 product specifications include:

 

Product Specifications

D.light specifications

Comparison with other products on the market 

TV Screen size

19”LED HD TV screen with in-built Decoder

 

15” and 19” flat screens without in built Decoder capability.

Signal Capacity

Duo Signal capability to receive both Analogue and Digital Signals and can work in the most remote

places

 

Only Digital Signal reception reducing reception with capability to work close to the main town centers only.

Operating Time

Over 10 hours of continuous operation without charge

Only about 3-4 hours operating time without charge.

Initial Deposit

Only 90,000 Ushs deposit to access core product; (TV Access with credit evaluation over customer life)

 

150,000/- to 200,000/=for initial Deposit.

Payment Plan

2,000/- Daily for 18 months

More than 3,000/- daily for 2-3 years.

Interest Charge

No interest charged on loan

High interest charged on loan

Kawemba concluded by noting that the X850 solar TV comes with multiple appliances to include 5 super bright lights with switches, a 5 phone charging cable, Radio, and a Torch. The Product also has a warranty of 2 Years and can be accessed countrywide at our outlets and distributor shops.

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