The East African
Tuesday March 16 2021
A Total petrol station in Kampala, Uganda, on January 28, 2020. The company recently published reports in response to questions raised about the social and environmental damage posed by its Tilenga Project. PHOTO | AFP
Summary
More than 260 NGOs recently called on banks interested in financing the project to withdraw support, citing human rights abuses and environmental risks.
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Total recently published several reports in response to questions raised about the social and environmental damage posed by its upstream Tilenga Project, partly located in Murchison Falls national park Uganda’s largest conservation area and the 1,443km East African Crude Oil Pipeline (Eacop), running from Uganda and Tanzania.
Total, Eacop oil deal in high gear after call for bids monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.
Daily Monitor
Monday February 01 2021
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KAMPALA- Uganda’s debt servicing obligations will in the next financial year take nearly 80 per cent of the country’s total tax revenue, according to the National Budget Framework Paper approved by Parliament.
The total resource envelope is projected at Shs45.65t for the 2021/2022 budget, of which Shs20.9 trillion will go to debt servicing, against total domestic revenue that is projected at only Shs21.69t.
The paper says debt servicing includes debt and interest repayment, with the latter projected to amount to Shs4.96t in the next financial year, of which Shs3.85trillion is expected to cover domestic interest payments which Shs1.11 trillion will cater for foreign interest payments and commitment fees.