Total Calls For More Startupper Of The Year Contest Entries

Total Calls For More Startupper Of The Year Contest Entries

Open registration for the "Startupper of the Year by Total" contest, which began November 1, 2015, ends Sunday, January 31, 2016 at 11 p.m. GMT. So don't wait any longer to submit your entry at the online registration site, http://startupper.total.com/. "Startupper of the Year by Total" is a Total contest being held in 34 African countries.[1] It aims to identify and provide financial and other support to the best projects to create or grow a business under two years old in Uganda. The winning projects will be awarded the "Startupper of the year 2016 by Total" label, along with financial aid and coaching from Total Uganda. Entry is free and open to any Ugandan national aged 35 or under. A jury of professionals will shortlist up to 10 of the best projects in Uganda based on criteria such as innovativeness, originality, boldness, growth potential and ability to improve people's living…
Vivo Energy Uganda Rewards Shell Select Customers

Vivo Energy Uganda Rewards Shell Select Customers

Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants, has made shopping at Shell Select Stores more rewarding for customers who spent at least 50,000 shillings at the participating Shell Select Stores in Kampala from October to December 2015. For each visit that was made to the Shell Select Store, customers were required to spend at least 50,000 shillings to enter a draw that would enable them stand a chance to win free shopping worth 50,000 shillings for 12 weeks and a grand prize of a kitchen make over that includes fridges, microwaves, coffee makers, kettles, steamers and blenders. Vivo Energy Uganda recently conducted the draw and the five lucky winners of the kitchen makeover are; Wamala Joseph, Deborah Mwesigwa, Kayiwa Vanita, Kagwa Mariam and Dhamuluka Julius. Speaking at the award ceremony held at Shell Kasangati, Vivo Energy country sale director Edward Walugembe said “As…
Weak Oil Economy Leaves Energy Companies With Less Capital To Invest

Weak Oil Economy Leaves Energy Companies With Less Capital To Invest

Nearly 3 million barrels of oil developments may see production delays given the capital pressure from lower crude oil prices,Wood Mackenzie finds. "The impact of lower oil prices on company plans has been brutal," Angus Rodger, Wood Mackenzie's principle researcher in exploration and production, said in a statement. The price for Brent crude oil, the global benchmark, is down roughly 70 percent from the most recent high in June 2014 and off 16 percent from the start of 2016. That leaves energy companies with less capital to invest in exploration and production, or the upstream part of the energy sector. U.S. supermajor Chevron in its latest budget forecast said it plans to spend about $26.6 billion this year, about a quarter less than total expected investments for 2015. The overall budget for ConocoPhillips of $7.7 billion is a 25 percent reduction in expected full-year capital spending for 2015 Wood Mackenzie…
CNOOC Joins Cholera Outbreak Fight In Hoima

CNOOC Joins Cholera Outbreak Fight In Hoima

CNOOC has handed over assorted items worth $10,000 to Hoima District authorities to assist them in fighting the cholera epidemic. Speaking at the handover ceremony in Hoima, Mr. David Byaruhanga, the CNOOC Community Relations Manager, said that as a good partner; the Company found it necessary to contribute to the efforts of District in fighting the Cholera epidemic. Earlier in the day the Company also donated assorted medicines and supplies to Buhuka health Centre III in Kyangwali Sub County Hoima District to help in Cholera treatment. The RDC Hoima District Mr Isaac Kawooya who was the Chief Guest appreciated the role Oil Companies are playing in the development of the Country. He appreciated CNOOC Uganda’s CSR initiatives in health as this will ensure that the communities within their area of operation live in good health. The RDC called upon the host communities to support operations of CNOOC Uganda Limited as…
How Museveni Will Spend Oil Money

How Museveni Will Spend Oil Money

Uganda discovered commercially viable oil in the great albertine region in 2006 but has not been able to get it out of the ground. The country, however has taken the necessary steps to see start oil production. This oil, once it comes out of the ground is expected to turn around the fortunes of the impoverished country which over the years has had substance agriculture as its main source of revenue. Because of this importance, questions of how money that will come out of oil and gas will be spent has risen a couple of times within public domain and debate but with little answers. However in his new year’s statement, President Yoweri Museveni gave a glimpse of how this much awaited money will be used. Uganda has discovered an estimated 6.2 billion barrels of crude oil in Bunyoro and parts of West Nile, areas that make up part of…
Government Targets Gas In Albertine Region To Reduce Cost Of Farm Fertilizers

Government Targets Gas In Albertine Region To Reduce Cost Of Farm Fertilizers

Farmers in Uganda will soon access cheap and locally made fertilizers when factories in Tororo in Eastern Uganda and Lake Albert in Bunyoro, western Uganda become operational. The revelation was made by President Yoweri Kaguta Museveni while addressing a press conference in Jinja Tuesday 29th December, 2015. The president’s comments were triggered by farmer’s minimal use of fertilizers because they cannot afford to buy imported fertilizers. This has led to low farm output. “The other issue is that they are not using fertilizers, they are using natural fertilizers. We are going to work out a programme,” the president said referring to low farm out by farmers in the country. “We are building a factory of fertilizers in Tororo, we shall build another one in Lake Albert with the gas there, so that with the fertilizers our people get higher yields.” President Museveni who is seeking re-election said promisingly. Government, according…
Pension Fund Tipped On Investing In Energy Sector, Oil Refinery

Pension Fund Tipped On Investing In Energy Sector, Oil Refinery

Uganda shouldn’t be borrowing money from China to fund its energy projects when institutions like National Social Security Fund (NSSF) have the money and capacity to finance such initiatives, President Yoweri Museveni has said. The president was speaking at a dinner organized to celebrate 30 years of NSSF Uganda’s existence at Serena Hotel in Kampala. The NSSF is a National Saving Scheme mandated by government through the NSSF Act to provide social security services to employees in Uganda. “We borrowed money from china to build Karuma dam and we (government) contributed 15 percent. In the future, NSSF could have a stake in dams like Ayago; Karuma is already funded,” the president siad. President Museveni said Ayago dam alone would generate about 800MW. Karuma Power Station is a 600 megawatts hydroelectric power project under construction at Karuma Falls on the banks of River Nile in Uganda. Construction of the dam and…

Total Want Oil Production To Start ‘Soon’ Despite Volatile Prices

In a meeting with President Yoweri Museveni of Uganda, Patrick Pouyanné, CEO and Chairman of Total, Total’s expressed strong commitment to work towards producing the Ugandan oil resources as soon as possible whatever the global oil price. Pouyanné’s lack of fear for the volatile oil prices that have ripped the industry globally comes from the fact the ‘Uganda oil resources are potentially low cost resources' and 'will be competitive in the market’ President Museveni and Patrick Pouyanné according to a statement issued by the oil company discussed ‘issues related to the oil industry in general as well as the projects of Total in Uganda’ at the December 22, 2015 meeting. The statement said the two discussed the studied outlets to market the Ugandan oil at national, regional and international level including the view that the crude export route should be primarily selected on the basis of economical criteria, lowest cost…
Total Searching For Best Innovative Business Idea In Shs130m Challenge

Total Searching For Best Innovative Business Idea In Shs130m Challenge

Total Uganda recently launched the “Startupper Challenge of the year” to support innovative projects in the country. The call for projects is free and open to any Ugandan citizen aged 35 years and below. While launching the contest at the Sheraton Kampala Hotel, Florentin de Loppinot, the Managing Director of Total Uganda, explained that the Challenge is aimed at identifying, rewarding and supporting the best projects in enterprise creation and development in Uganda and 33 other countries on the African continent”. “We have put an age limit of 35 years because we believe the youth are vital in realizing the social economic development of this country,” de Loppinot said. Initiated by the Total Group in 34 African countries simultaneously, the Challenge will support innovative projects which are less than 2-years old. The winning projects will be granted the “Startupper of the year 2016 by Total” label, with a financial support…
Petroleum Distributor Vivo Sends Five To Ferrari World Theme Park

Petroleum Distributor Vivo Sends Five To Ferrari World Theme Park

This year, Vivo Energy the company that distributes and markets Shell branded fuels and lubricants in Africa, through the Shell V-Power brand sent five loyal customers and members of its Shell V-Power club to Abu-Dhabi to tour the Ferrari world theme park and an opportunity to attend the Abu Dhabi F1 Grand Prix. This was made known at the climax of a seven months long promotion to engage members of the Shell V-Power club that was formed and launched in April 2015 at the Fast & Furious 7 movie Premier in Kampala. The club was created to reward the members based on a points system every month to enjoy exclusive rewards from various partners leading up to the grand prize of 5 fully paid trips to Abu Dhabi. While handing over the fully paid trip packages to the winners at Kampala Serena Hotel, Vivo Energy Managing Director Hans Paulsen hailed…
Subscribe to this RSS feed

Kampala