The Albertine Journal
In a strategic move to seize the forthcoming prospects in the burgeoning oil and gas sector within the Albertine Graben, Bunyoro-Kitara Kingdom has so far channeled an impressive sh5b into a range of business ventures. These investments encompass real estate, treasury bills, fixed deposits, and the Unity Trust Fund, a unique insurance vehicle designed to […]
The average debt ratio in sub-Saharan Africa has almost doubled in just a decade—from 30 percent of GDP at the end of 2013 to almost 60 percent of GDP by end-2022. Repaying this debt has also become much costlier. The region’s ratio of interest payments to revenue, a key metric to assess debt servicing capacity […]
Malawi’s president has launched a large-scale crop production initiative known as “mega farms,” aimed at boosting the country’s agricultural-based economy and help end persistent food shortages. Malawi has long faced food shortages at both national and domestic levels each year. This, despite various efforts to boost agricultural production, including the Targeted Inputs Program, in which […]
A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on greenhouse gas emissions. It is meant to encourage companies to adopt […]
Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally received senior […]
At the start of the petroleum exploration in the Albertine Graben, the districts of Hoima and Buliisa experienced significant increase in demand for accommodation by investors, businessmen and workers in oil related activities. This led to renewed construction and estates business and a consequent increase in hotels and lodges in the urban centres. Oil workers […]
Negotiations with investors for Tanzania’s $42 billion liquefied natural gas (LNG) project have been successfully concluded, a senior government minister has revealed. The agreements, aimed at tapping into the country’s vast offshore gas resources, are now awaiting review and approval next month, according to media reports. Energy Minister January Makamba said that the finalised agreements would be presented […]
Natural gas prices in Europe are likely to plummet further on lackluster demand from power generation and industry. This downward trend has led traders and industry officials to consider the possibility of day-ahead prices dipping below zero in some European markets during the summer, according to a report by Oilprice. According to the report, several factors have […]
The instability that defined the oil and gas market for much of 2022 has continued into 2023. With bullish and bearish pressure on oil and gas, this can fluctuate quickly depending on what happens in European markets, OPEC+ decision-making and the situation in Iran, where a nuclear deal has stalled and tensions — internal and […]
Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis. Owned by Nigerian industrialist and Africa’s richest man, Aliko Dangote, the refinery is expected to boost domestic refining capacity, getting rid of the current consumption shortfall. It will also reduce import […]