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Pipeline to bolster East Africa stirs controversy

Pipeline to bolster East Africa stirs controversy
Crispin Adriaanse
© Provided by Independent Online (IOL)
Cape Town - Ugandan President Yoweri Museveni’s pragmatic pan-African approach to the East African Crude Oil Pipeline (Eacop) is set to bolster the region’s dominance after all parties signed the agreement for construction to begin.
However, more than 1 million people have objected to the Eacop, with 263 organisations calling on banks not to finance the record-breaking project.
More than five years since the planning stages of the Eacop began, Museveni, along with the newly inaugurated president of Tanzania, Samia Hassan; Patrick Pouyanné, the chief executive of French oil conglomerate Total; representatives of the China National Offshore Oil Corporation, as well as domestic partners Uganda National Oil Company and Tanzania Petroleum Development Corporation, were all present in Entebbe, Uganda, on April 11 as final agreements were c ....

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Villagers not compensated for East Africa oil pipeline

Oil ....

Pierre Jessua , Samia Suluhu Hassan , Livingstone Sewanyana , Chen Zhugobia , Mary Goretti Kitutu , Yoweri Museveni , Uganda National Oil Company , Mineral Development , Foundation For Human Rights , China National Offshore Oil Corporation , Africa Crude Oil Pipepline , Tanzania Petroleum Development Corporation , African Crude Oil Pipeline , East African Crude Oil Pipeline , President Yoweri Museveni , President Samia Suluhu Hassan , Goretti Kitutu , Human Rights , East Africa Crude Oil Pipepline , Oil Pipeline , உகந்த தேசிய எண்ணெய் நிறுவனம் , தாது வளர்ச்சி , அடித்தளம் க்கு மனிதன் உரிமைகள் , சீனா தேசிய கடல் எண்ணெய் நிறுவனம் , தான்சானியா பெட்ரோலியம் வளர்ச்சி நிறுவனம் , மனிதன் உரிமைகள் ,

Uganda scores tax victory in oil Host Government Agreement

Uganda scores tax victory in oil Host Government Agreement
April 14, 2021
President Yoweri Museveni signing the oil agreements
In signing the Host Government Agreement for the East Africa Oil Pipeline on April 11, 2021, the Uganda government scored a major victory in ensuring that the project company is made resident in the country largely for tax purposes.
While the Host Government Agreement (HGA) will allow the project company – a special purpose vehicle - for the East Africa crude oil pipeline to be registered somewhere in England, in what is expected to be a tax haven, the company will be taken as a resident of Uganda, and will abide by the country’s tax rules. ....

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Total, CNOOC Ink Mega Deal To Put Ugandan Oil On Stream

Total’s $5.1-billion Lake Albert development with CNOOC brings Uganda into the club of oil-producing nations while it positions the French major as the dominant player in African oil and gas. ....

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National interest is now a key driver for empowerment regulation across Africa

While there are various drivers of local empowerment and ownership requirements in Sub-Saharan Africa, one key driver appears to be gaining ground: national interest empowerment. An analysis of local empowerment and ownership trends in 14 African countries, including several of the continent’s biggest economies, shows growing emphasis on regulating ownership in economic sectors and activities which historically have not been regulated. ....

South Africa , South African , Uganda National Oil Company , Ghana Investment Promotion Centre , Uganda Stock Exchange , Tanzania Petroleum Development Company , Sub Saharan Africa , Investment Regulation , Ethiopian Government , Ghana Investment Promotion Centre Act , Mining Act , Nigerian Broadcasting Code , உகந்த தேசிய எண்ணெய் நிறுவனம் , கானா முதலீடு ப்ரமோஶந் மையம் , உகந்த ஸ்டாக் பரிமாற்றம் , தான்சானியா பெட்ரோலியம் வளர்ச்சி நிறுவனம் , முதலீடு ஒழுங்குமுறை , எத்தியோப்பியன் அரசு , கானா முதலீடு ப்ரமோஶந் மையம் நாடகம் , சுரங்க நாடகம் , நைஜீரியன் ஒளிபரப்பு குறியீடு ,