Earth Finds

Earth Finds

Total To Train 200 Local Oil & Gas Welders

Total E&P Uganda has said 200 Ugandan capable welders will be trained and equipped with the skills and certification that enable them to work in the oil and gas sector. The training according to Total E&P Uganda General Manager Adewale Fayemi will be free of charge.

The beneficiaries must be residents of districts in the albertine grabben region and district that will host the crude oil export pipeline. To qualify for the training that will be conducted in Buliisa and Lwengo districts one must possess a welding certificate and experience of not less than two years.

Total speaking to journalists in Kampala on Tuesday said the training will develop a domestic pool of internationally certified welders of the American Welding Society Standard.

The training will be held over the course of at least 24 weeks and will initially benefit 200 welders from Nwoya, Masindi, Nebbi, Buliisa and Hoima, as well as the districts along the pipeline route, to include Kakumiro, Kyankwanzi, Mubende, Gomba, Sembabule, Lwengo and Kyotera.

Fayemi said Uganda’s oil and gas project is moving steadily into the development phase and a strategy has been developed to strengthen the National content potential and the ability for local companies to compete favorably.

“During the development phase, a lot of technicians will be needed for the project. It is therefore essential to train and certify technicians such as welders to enhance their knowledge and skills required to not only meet the demands of the project but also ensure that the highest standards of safety are considered. Due to the highly technical nature of the industry, quality and safety cannot be compromised” Fayemi added.

The training will be conducted by 2 Ugandan Companies, Q-Training also known as the The Assessment and Skilling Centre (TASC) and E360 Group Ltd. The two companies have commendable experience in providing manpower services for the past ten years, serving clients in large multi – national companies in the region.  

Calls for applications to the training will be made through radio advertisements on local stations, vocational training institutes, District officials and local government offices.

The trainers will perform technical training and certification of candidates up to 2G and 4G coded welding levels in line with the industry standards and health, Safety and environment training among others.


IRENA Welcomes Establishment of International Solar Alliance

On the occasion of the Founding Conference of the International Solar Alliance (ISA), the Director General of the International Renewable Energy Agency (IRENA), Mr. Adnan Z. Amin, and the Interim Director General of ISA, Mr. Upendra Tripathy signed a Joint Declaration to deepen the cooperation between the two organisations to accelerate solar energy deployment.

“Driven by remarkable cost declines, innovative policies and new business models, solar energy has emerged as the fastest growing renewable energy worldwide. There is an immense opportunity at hand to bring its benefits to more and more countries around the world,” said Mr. Amin.

“IRENA estimates that solar must account for at least 35 per cent of global power capacity by 2050 to meet the objectives the Paris Agreement on climate,” Mr. Amin added.

“In this context, IRENA stands ready to work with ISA and its members to scale-up solar energy deployment as a means to expanding affordable, reliable and sustainable energy access, as well as to addressing climate and energy security concerns.

IRENA looks forward to strengthening collaboration with ISA, sharing its knowledge and experience, and making available its project facilitation tools and platforms.”

“The International Solar Alliance has a well-articulated goal to facilitate the mobilisation of USD 1 trillion of capital to rapidly accelerate the adoption of solar energy all over the world,” said Upendra Tripathy, Interim Director-General of the International Solar Alliance.

“While solar is fast becoming one of the most cost-effective ways to generate new power and deliver energy access, to deploy fast enough, complementarity must exist between our work and the broader renewable energy mandate and development tools established by IRENA. This fusion of capabilities will help to catalyse solar development in line with the goals set out under the Paris Agreement.”

Driven by rapid advances in technology and economies of scale, the cost of electricity from solar photovoltaics decreased by almost 70 per cent between 2010 and 2016. IRENA estimates that average cost of electricity from solar photovoltaics can decrease by further 60 per cent in the coming decade. Solar power is also a significant employer of people worldwide, with around 3.1 million jobs working in the sector in 2016.

The Joint Declaration affirms the commitment of the IRENA and ISA to collaborate on advancing solar deployment and projects through helping countries develop policies and regulations around solar energy and through the implementation of IRENA initiatives such as the Clean Energy Corridors and the SIDS Lighthouses.

IRENA’s project facilitation tools and platforms such as the Global Atlas for Renewable Energy, the Project Navigator, and the Sustainable Energy Marketplace will be made available to ISA, in support of its project-focused work in countries.

The Founding Conference of ISA, co-chaired by PM Modi and President Macron, is taking place at the Rashtrapati Bhavan Cultural Center in New Delhi and is being attended by heads of state and government, ministers, heads of international organisations and other high-level officials.

Huawei Marine Partners With PCCW To Deploy MARS Linking Mauritius And Rodrigues Island

In a further boost for African internet connectivity, Huawei Marine has announced that it will partner with PCCW Global to construct the first submarine cable between Mauritius and Rodrigues Island.

This will be Huawei’s 12thsubmarine cable system deployed in the African region to meet increasing demand for internet connectivity.

Locatednorth-east of Mauritius, Rodrigues is a small volcanic island, with its local telecommunications services currently provided by satellite connectivity.PCCW Global has agreed with Mauritius Telecom to construct and maintain a high speed submarine cable connecting the Indian Ocean Islands of Rodrigues and Mauritius which will vastly improve connectivity for Rodrigues.

The 700km submarine cable, has a design capacity of 16Tbit/s. Huawei Marine will provide the end to end solution and deploy the system with a ready for service date in 2019. When commissioned, the system will cater for increased bandwidth demand of Rodrigues residents and business enterprises over the next 25 years.

Mr. Frederick Chui, Senior Vice President of Global Data Sales, PCCW Global, said, “This project is very exciting for us because we are using our experience gained in designing, building, and maintaining submarine cables around the world to assist another service provider, in this case Mauritius Telecom, to commission their own fully-maintained cable investment. This completely eliminates any risk in the development, maintenance and operation of what might otherwise have been a technically daunting project.”

Mike Constable, Chief Executive of Huawei Marine said, “We are excited by the PCCW Global partnership which will revolutionise the broadband infrastructure of Rodriguesby providing a step-change in high-speed internet connectivity and facilitate the growth of digital communications.

This is the 12th submarine cable system we have deployed in the African region, which reinforcesthe confidence in our technology and robust network solutionsto further enable the transformation of the region’s digital economy. “

Money Laundering Claims Haunt BoU’s Bagyenda

The recent months have left former Bank of Uganda director in charge of supervision, Justine Bagyenda naked and under public scrutiny after it was known that she has stashed billions of shillings in several local – DTB, Standard Chartered, Barclays and Centenary Bank.

The manner in which she transferred the money, let alone how she earned it, according to financial experts, breed suggestions that Bagyenda might have practiced money laundering, a dreaded vice in the banking business.

This, if true, experts say it is unfortunate because she was supposed to be the chief whip of the banking sector in the country. Last year during the much publicized Crane Bank scandal, Bagyenda was criticized for failing at her job after several commercial bank mysteriously closed business.

Bagyenda is reportedly hiding over Sh20bn in separate Banks in Uganda. This report by the CEO East Africa indicate that Bagyenda who owns Shillings and Dollar accounts in multiple local banks made several irregular transactions in an attempt many people would think was an attempt to cover up the source of the money.

The CEO Report reads in part:

For example, as of December 28, 2014, Bagyenda held a cash balance of $238, 563 on her Diamond Trust Bank US Dollar account.

From this account, she on December 29, 2016, made a fixed deposit of $1776, 717 which matured in December 2017. On maturity, she on December 29th 2017 topped it up and made another fixed deposit of $214,149 on December 29, 2017 at an interest rate of 3 percent.

This amount is set to mature on December 29, 2018, and she will make an interest of $5,536 after a tax deduction of $977.

Bagyenda has also been making Shilling based fixed deposits in the same bank.

For example in March 2014, she fixed Shs900,029,548 for 31 days, which matured on 26th April 2014. She later fixed some Shs568m in November 2014 for another 31 days.

In January 2015 and September 2017 she made other short term fixed deposits of Shs480,000,000 and Shs179.3 million respectively.

Bagyenda is said to hold another account in Standard Chartered.

It is however her outbound transactions at her two personal current accounts in Barclays Bank (Kampala Road) and Diamond Trust Bank that could give a crew to at least how Bagyenda invested her money, whose source is not yet clear.

A closer analysis of these two accounts, shows three patterns.

For example, on her DTB account, she would start by making various cash deposits (ranging between $5,000 to $50,000 or the equivalent in Shillings), then raise enough amounts to invest in fixed deposits.

She would then after making some gains in interest rate, eventually clear the accounts to third parties who are variously linked to real estate development. It is believed, the money at this point would be ‘cleaned’ in form of real estate.

On her Personal Current Account held at Barclays, in just a year–between August 2015 to September 2016–Bagyenda made 47 wire (RTGS) transactions to account No. 2120011273 in Centenary Bank, belonging to a one Kenny Muwonge in Centenary Bank.

In total Shs693 million was wired to Kenny Muwonge.

The money would be wired at regular intervals in tranches of between Shs10 million to Shs30 million and would almost be withdrawn immediately in cash and or via mobile money. Muwonge would also on some occasions wire the money to another account in the same bank, belonging to Ken and Joe Construction Company Limited.

Read full article HERE

DTB, following widespread media reports regarding Bagyenda’s cash galore issued a statement confirming the existence of Bagyenda’s money and the said transitions. DTB revealed Bagyenda’s details were leaked by their employee. The commercial went on to apologies to Bagyenda.

It has also emerged that Bagyenda has not been paying taxes and is now being investigated by Uganda Revenue Authority operatives

After realizing that Bagyenda is extremely wealthy but her tax remittance schedule is greatly lacking, URA operatives have reportedly launched an audit investigation into her operations so as to ascertain why she has been evading taxes, with intent to make her cough all the taxes she hasn’t remitted for the period under review.

Subscribe to this RSS feed



Mostly Cloudy

Humidity: 74%

Wind: 22.53 km/h

  • 24 Mar 2016 28°C 22°C
  • 25 Mar 2016 28°C 21°C