Wednesday, May 7, 2025
The Local Uganda
  • News
    • Buganda
    • East
    • West
    • North
    • Africa
    • World
  • Sports
    • Uganda Premier League
    • Rugby
    • More sport
  • Lifestyle
    • Art & Film
    • Sex
    • Music
    • Celebs
    • Food & Travel
  • Business
    • Enterprise
    • Markets
    • Agriculture
    • Auto
    • Property
    • Technology
  • Blogs
  • More
    • Contact Us
No Result
View All Result
  • News
    • Buganda
    • East
    • West
    • North
    • Africa
    • World
  • Sports
    • Uganda Premier League
    • Rugby
    • More sport
  • Lifestyle
    • Art & Film
    • Sex
    • Music
    • Celebs
    • Food & Travel
  • Business
    • Enterprise
    • Markets
    • Agriculture
    • Auto
    • Property
    • Technology
  • Blogs
  • More
    • Contact Us
No Result
View All Result
The Local Uganda
No Result
View All Result

Uganda oil not safe with Museveni hobnobbing with Nguema Mbasogo – Lukwago

Faridah Nassereka by Faridah Nassereka
August 28, 2017
in Business, Markets
2 min read
Uganda oil not safe with Museveni hobnobbing with Nguema Mbasogo – Lukwago
Share on FacebookShare on Twitter

Embattled Kampala Lord Mayor Erias Lukwago says Ugandans are not putting enough pressure on President Museveni’s plan for the country’s oil wealth because “he is not understandable,” the politician said.

Museveni and his entourage today return from Equatorial Guinea after a four days oil and security trip on the invitation of the West African nation leader, President Teodoro Obiang Nguema Mbasogo.

“Right now Museveni is benchmarking oil exploration in Equatorial Guinea. He’s discussing oil authority with Mbasogo. We have no capacity for any audit, it has created confusion and it’s being stretched further,” Mr. Lukwago said during a Monday morning talk show appearance at Kampala’s NBS Television.

The Lord Mayor pointed out that Mr Museveni was deviating from what he said took him to wage a five-year liberation war by being unaccountable to his voters.

“Some NRM party cadres who have been harassing us are now doing masters in oil exploration. They have seen a window of opportunity that other Ugandans will not enjoy,” he added.

Uganda is looking to tap into Equatorial Guinea’s experience of oil production in order to build its own capacity before oil production starts, which partly explains the fondness between the two principals, the language barrier notwithstanding.

Social media in Uganda has for the last three days reacted negatively to President Mbasogo bestowing the Great Collar of Independence Award on President Museveni in Malabo.

President Yoweri Museveni receives the Great collar of Independence Award from his host President Obiang Nguema Mbasogo, on Friday evening. PPU photo.
Presidents Obiang and Museveni (in hats) after touring a gas compressor. PPU photo. manufacturing plant Saturday in Malabo, Equatorial Guinea

The West African country is making gas compressors to power public service buses and reduce diesel use.

The two heads of state are ranked on the list of long serving non-traditional leaders. President Nguema has ruled the tiny oil-producing Central African country since August 1979, after mounting a coup that toppled his uncle Francisco Macías, who is also considered one of post independent Africa’s cruelest and corrupt leaders.

Mr Nguema was in Uganda in April on a three-day visit that was majorly based on oil talks with Museveni as he signs more contributory commitments towards exploiting Uganda’s estimated 6.5 billion barrels of oil in the Albertine Graben.

According to the ministry of Energy, government has turned to a consortium of American and Italian firms for financing and construction of the $4 billion (about Shs14 trillion) Greenfield oil refinery in Hoima, in mid-western Uganda.

 

Faridah Nassereka

Faridah Nassereka

Related Posts

ITHUBA Uganda Announces Fifth POWERBALL Roll-Down Event with UGX 1.1 Billion Jackpot

January 29, 2025
Britam Asset Managers Introduces Easy Earner Dollar Fund, Providing Secure High-Return Investment Options for Ugandans and Diaspora

Britam Asset Managers Introduces Easy Earner Dollar Fund, Providing Secure High-Return Investment Options for Ugandans and Diaspora

September 12, 2024
Museveni’s Intervention Prevents Shs792bn Loss for AYA in South African Firm’s Hotel Auction

Museveni’s Intervention Prevents Shs792bn Loss for AYA in South African Firm’s Hotel Auction

July 28, 2024
Please login to join discussion

© 2020 The Local Uganda

No Result
View All Result
  • News
    • Buganda
    • East
    • West
    • North
    • Africa
    • World
  • Sports
    • Uganda Premier League
    • Rugby
    • More sport
  • Lifestyle
    • Art & Film
    • Sex
    • Music
    • Celebs
    • Food & Travel
  • Business
    • Enterprise
    • Markets
    • Agriculture
    • Auto
    • Property
    • Technology
  • Blogs
  • More
    • Contact Us

© 2020 The Local Uganda

Mel bet