Newslex Point News in Uganda, Uganda news
Last month, Uganda, Tanzania and the two oil companies of Total E&P, and China’s CNOOC signed the East African Crude Oil Pipeline deal.
“All the three contractual agreements contain a confidentiality clause which prohibits disclosure of information of a financial, technical or commercial nature relating to EACOP project to any third party except with consent of the other party or where the disclosure is allowed by law or disclosure is as a result of a court order or required in court proceedings,” the solicitor general wrote.
The Solicitor General says Uganda agreed to a confidentiality clause in each of the agreements.
“In our view, disclosure of the above contractual documents is likely to undermine the bankability of the EACOP project as disclosure is likely to disadvantage the investors in the course of commercial negotiations for project finance with the lenders which will have detrimental consequences to Uganda and the people of Uganda as a whole.”
Recently though, lawyer Mabirizi has been putting the government on pressure to disclose the details of the deal.
He even took a case to court for this matter. However, if the parties signed a non disclosure deal, then this could be a waste of his time.
Check Also;
- Uganda Could Get Rich On Oil, According To World Bank
- Wapakhabulo’s Daughter Appointed As The 1st ED Of National Oil Company
- Museveni Appoints New Board Members Of National Oil Company
Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.
![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
