Amb. Richard Kabonero, High Commissioner met Hon. January Makamba, Minister for Energy, Tanzania in Dar es Salaam this morning for discussions on bi-lateral cooperation and the upcoming Tanzania-Uganda Oil & Gas Symposium Preparations for the Tanzania-Uganda Oil & Gas Symposium have gained momentum with key private sector players confirming their attendance.
The high level event will be held at Julius Nyerere International Convention Centre in Dar es Salaam, Tanzania on November 26.
“Many of the major players in the oil and gas industry will grace this important occasion,” said Richard Kabonero, Uganda’s envoy to Tanzania this Monday afternoon. Kabonero made the remarks after meeting with Hon. January Makamba, Tanzania’s Energy Minister.
Kabonero said today’s meeting focused on “bilateral cooperation and the upcoming Tanzania-Uganda Oil and Gas Symposium.”
The highly-anticipated function will see private sector players networking, learning and sharing experiences and opportunities within the oil and gas industry projects.
Some of the key private sector players expected at the event include Patrick Mweheire, East Africa and Chairman Uganda Chamber of Mines and Petroleum at Stanbic Bank; Anthony Kituuka – Executive Director Equity Bank; Abdulsamad Abdulsamad, Chairman at association of Tanzania Oil and Gas and Olivia Byanyima, a finance and investment specialist.
Others include Santina Benson, Chief executive Officer at CEO Roundtable of Tanzania, zachy Mbenna, Director of membership services at Tanzania private sector Foundation; Elly Karuhanga – Head of Uganda Private Sector Foundation and Prof Charles Kwesiga, Executive Director of Uganda Industrial Research Institute.
Stanbic Bank Uganda Executive Director Anne Juuko, Alphayo Kidata, the Commissioner General at Tanzania Revenue Authority and his Ugandan counterpart, John Rujoki Musinguzi as well as Deputy Managing Director National social Security Fund (NSSF) Patrick Ayota will be present.
Uganda and Tanzania are spearheading the construction of the 1,443 kilometer East African Crude Oil Pipeline that will see the export flow rate of over 200,000 barrels of oil per day.
The $3.5bn pipeline will increase Foreign Direct Investment of Uganda and Tanzania by over 60 percent during the construction phase. Over 500,000 tonnes of equipment will be imported into the country.
Awareness However, officials say a major challenge that private sector actors within the oil and gas industry face, is limited awareness about the opportunities and areas of partnership that are available, in addition to knowledge gaps about the legal and regulatory regime, and poor coordination between and among public and private sector actors.This limits their ability to plan strategically, even when they are […]