Finance Ministry comments in pre- budget document without giving total amount for construction of refinery. * NOTE: Tullow Oil, China National Offshore Oil Corp. and France’s Total SA developing Uganda’s finds of 3.5b barrels of crude * NOTE: Govt, Total, CNOOC agreed on a 30,000bpd refinery
Bloc wants tender for building 600MW Karuma hydropower dam open to all “competent” cos irrespective of country of origin, Kampala-based Daily Monitor reports, citing head of EU Delegation to Uganda, Roberto Ridolfi. * Picking co. from country offering $2.2b loan for construction would be “breach of the public procurement rules,” paper quotes Ridolfi * Comments follow report in state-run New Vision that China will provide financing, cos. for project: Monitor * NOTE: Nation’s ombudsman in Feb. canceled earlier tenders over procurement irregularities
Centum Investment Co. Ltd., Kenya’s largest publicly traded investment group, is putting $22 million into a luxury marina project in neighboring Uganda that is expected to be finished by the end of 2016.