• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
Subscribe
No Result
View All Result
93.3 KFM
No Result
View All Result
Home Business

Oil Pipeline deal to increase foreign investments-BOU

Noelyn Nassuuna by Noelyn Nassuuna
April 15, 2021
in Business, News
0
Oil Pipeline deal to increase foreign investments-BOU
271
VIEWS
Share on FacebookShare on Twitter

By Ritah Kemigisa

The Central Bank has revealed that the Final Investment Decision on the East African Crude Oil Pipeline, EACOP will trigger higher foreign direct investments and private sector investments.

Related articles

New survey report calls for better teacher-work environment

LOP tips Trinidad and Tobago MPs on legislation

On Sunday, Uganda and Tanzanian governments including International Oil Companies Total E&P and CNOOC signed final agreements for the oil projects paving way for production of oil with the first oil expected by 2025.

The bank has meanwhile revealed that there could be a rise in non-performing loans this year as the real impact of the pandemic will become clearer.

Oil giant Total has since given a green light for awarding procurement, engineering and construction works for the oil project in Uganda.

The company has also committed to ensuring local content as the country prepares to start production of oil.

Following a monetary policy committee today, the Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 7 per cent.

According to the Governor Prof Tumusiime Mutebile, they have noted a steady economic recovery that is proceeding and is stronger than earlier projected.

He says indicators in the first quarter of 2021 show gradual strengthening of the economy which is bound to further improve by covid vaccine effectiveness which will reduce social distancing and cause a rebound in consumption.

The central Bank however warns that the recovery could be dampened by a likely upsurge in cases caused by the third wave despite the ongoing covid19 vaccination exercise.

Meanwhile inflation is to rise temporarily due to rising food crop prices.

 

Noelyn Nassuuna

Noelyn Nassuuna

Related Posts

Nabbanja directs CAOs to delete striking teachers from payroll

New survey report calls for better teacher-work environment

by Noelyn Nassuuna
June 28, 2022
0

By Juliet Nalwooga A team of researchers from the University of Notre Dame, Luigi Giussani Institute of Higher Education, and Save The Children International-Uganda have called...

LOP asks Owiny Dollo to withdraw tribal remarks

LOP tips Trinidad and Tobago MPs on legislation

by Noelyn Nassuuna
June 28, 2022
0

By Ritah Kemigisa The Leader of the Opposition in Parliament, Mathias Mpuuga has advised Members of the Parliament of Trinidad and Tobago to exercise caution when...

Learners found sharing dormitories with goats in Kasese School

Learners found sharing dormitories with goats in Kasese School

by Noelyn Nassuuna
June 28, 2022
0

By Joel Kaguta Education authorities in Kasese Municipality have closed two dormitory facilities of two schools in Nyamwamba Division for operating illegally and in condemned buildings....

Hospitals detect high prevalence of diabetes among people with normal weight

Hospitals detect high prevalence of diabetes among people with normal weight

by Noelyn Nassuuna
June 28, 2022
0

  BY TONNY ABET A new report has shown a high prevalence of diabetes among lean people, contrary to the conventional picture that links the disease...

KCCA decries budget reduction for  2022-2023

KCCA to set up Parish Development Model training center  

by Noelyn Nassuuna
June 28, 2022
0

  By Prossy Kisakye The Executive Director of Kampala Capital City Authority, Dorothy Kisaka has announced that the authority is to set up a Parish Development Model (PDM)...

Next Post
SOPs didn’t apply in Ugandan prisons due to congestion

Elderly, ex-prisoners to get post-covid support from veterans' body

Ministry of health warns, covid-19 vaccine will not end the pandemic

Ministry warns against shunning COVID vaccine

Uganda, Kenya agree to address trade disagreements

Uganda, Kenya agree to address trade disagreements

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News
Nabbanja directs CAOs to delete striking teachers from payroll

New survey report calls for better teacher-work environment

June 28, 2022
LOP asks Owiny Dollo to withdraw tribal remarks

LOP tips Trinidad and Tobago MPs on legislation

June 28, 2022
Learners found sharing dormitories with goats in Kasese School

Learners found sharing dormitories with goats in Kasese School

June 28, 2022
93.3 KFM

Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp

© 2021.

No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters

© 2021.