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Total Finally Speaks Out On The Decision To Invest In Uganda’s Oil Project

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Total’s Chief Finance Officer, Jean-Pierre Sbraire (inset)

Total’s Chief Finance Officer, Jean-Pierre Sbraire has told analysts during a conference call after the French oil major’s third-quarter that as management, they have not yet decided to invest their money in Uganda’s oil project.

He revealed that the company was supposed to decide on the issue of Uganda’s oil last year but there were some issues holding back the decision even though they are still committed to the project and the project is technically mature.

“We are ready to launch but we recently faced some difficulties with the authorities,” he said.  He said that Total had planned to buy some of Britain’s Tullow Oil’s stake in the 230,000 barrel-per-day project but that deal was called off due to a tax dispute with the Ugandan authorities.

Total’s CEO Patrick Pouyanne

“We remain fully committed to the development but we’ll see, at present time, it is a bit too early to assess when the Final Investment Decision (FID) could be taken for the project,” Sbraire explained.  It should be remembered that Total’s CEO Patrick Pouyanne said earlier this year that investing in Uganda’s oil will be a personal priority this year after setbacks led to a delay on the FID in 2018.

By Jamil Lutakome

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They Are Planning To Poison Or Kill You, If You Want To Survive, You Must Make Sweeping Changes In URA – Mirundi Warns New URA Boss Musinguzi…

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President Yoweri Museveni’s senior adviser on media Joseph Tamale Mirundi has warned the newly appointed Uganda Revenue Authority (URA) boss John Musinguzi to be wary of some wrong elements in the authority and government who might kill him.

Mirundi revealed that there are a number of people who approached him and told him that Musinguzi is a member of mafia clique that has been stealing tax payer’s money.

“I am telling you that young man should be very careful otherwise he is going to be killed, for me I know how mafias work and many of them are not happy with his appointment because he is very loyal to the president,” Mirundi said.

He added that there are many officials in the top management of the Ministry of Finance (MoF) who had held the former URA Commissioner General Doris Akol hostage and had planned to get a lot of money so Musinguzi’s appointment is going to frustrate their financial plans.

He said that those officials in the MoF had even strategically stationed their candidate to replace Akol but they were very surprised to see the President appoint Musinguzi.

He further revealed that Musinguzi is also going to face a lot of silent protests internally in URA because they are not used to being led by people appointed outside the management of URA.

“I know that boy, he is going to be poisoned, I know how he survived being killed when he was still working with General Kale Kayihura in their battle to stop smugglers but this time I don’t know whether he will survive,” Mirundi added.

He added that to save his life, Musinguzi had to fly out of the country when Kayihura joined Uganda police as IGP. He persuaded back by the president and given a job in State House because he knows very well that he is loyal to him.

He advised Musinguzi that if he wants to survive being poisoned, he must do a lot of changes in URA.  He also noted that he tried to advise Akol not to flirt with mafias because they only wanted to use her office for their personal benefits and when they are done, they will dump her the same way they dumped Jennifer Musisi, the former Kampala Capital City Authority Director who also refused to listen to his advice thinking that she is too big.

 

By Sengooba Alirabaki




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UNTOLD STORY: How M7 Tasked Dr. Mbonye To Save Bank Of Uganda Governor Mutebile’s Life And Why He Advised Him Not To Fly Him To South Africa….

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President Yoweri Museveni on Tuesday evening talked to Doctor Ben Mbonye, the Director Nakasero hospital and his team of doctors who were attending to the unconscious Bank of Uganda (BOU) Governor Professor Emmanuel Mutebile and tasked him to do to save his life at all cost.

Credible sources at Nakasero hospital have told the Grapevine that the president phoned Mbonye to understand the health condition of the governor who has been hospitalized since Saturday when he was admitted in the hospital.

“No it’s not true the man is dead. The director has just briefed the president on his health condition. He is out of danger,” one of the doctors attending to Mutebile told this website.

The doctor added that Dr. Mbonye explained to the president that it will not be good to fly him to South Africa to meet his personal doctors as asked by Mutebile’s family members and friends because his condition is not fit for air travel.

There is also fear that Mutebile will not get good medical attention in South Africa given that most of the doctors in there are concentrating on the deadly coronavirus patients.

This website has exclusively established that president Museveni was worried when he saw a frail Mutebile recently at State house Entebbe where he attended a meeting in a wheelchair and couldn’t talk properly.

Multiple credible sources told this website that it’s the reason why the president rushed to appoint Dr. Michael Atingi-Ego as the deputy governor Bank of Uganda replacing Dr. Louis Kasekende whose contract expired early this year.

Sources further intimated to this website that the president realized that Mutebile’s deteriorating health condition was slowly stalling the operations of the central bank.

Our efforts to speak to Charity Mugumya the director Communications Bank of Uganda were futile.

However, Dr. Adam Mugume, the Executive Director Research, Bank of Uganda clarified that, “BoU Governor Prof. Mutebile took sick leave on Wednesday March 25, 2020. He is receiving treatment in a Ugandan medical facility and will resume duty as soon as he has recuperated. Strongly disregard the false and malicious stories of his passing.”

 

By Sengooba Alirabaki




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M7 Fires URA Boss Doris Akol And Replaces BOU Deputy Governor Kasekende…

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President Yoweri Museveni has fired the Commissioner General of Uganda Revenue Authority (URA) Doris Akol and replaced her with  John Musinguzi Rujoki.

In a post on his social media pages, the president said, “By virtue of powers granted to me by the Constitution, I have appointed Mr. John Musinguzi Rujoki as the new Commissioner General of Uganda Revenue Authority. This appointment takes immediate effect.”

Doris Akol was announced URA boss by Maria Kiwanuka, the then Ugandan Minister of Finance, Planning and Economic Development, on Monday, 27 October 2014. She replaced Allen Kagina, who retired after two consecutive five-year terms at the helm of URA.

The president also replaced Bank Of Uganda (BOU) Deputy Governor Louis Kasekende with Dr. Michael Atingi-Ego.

“I have also appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda. I have forwarded his name to Parliament for vetting,” the President noted.

Kasekende began his five-year term in this position on 18 January 2010 having served in the same capacity from 1999 until 2002.

 

By Temuseewo Mpoza




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