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Tullow Oil To Sell It’s Stake In Uganda’s Oil And Gas Sector

Tullow Oil To Sell Its Stake In Uganda's Oil

The Ugandan Government has finally allowed Tullow Oil to sell its stake in the country’s oil and gas sector. The company will sell its total stake of shs.2.2 trillion to French oil giant, Total E&P after many months of deadlock. The troubled oil firm announced in April the sale of its stake in Uganda’s oil project to Total Plc. The ...

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URA Registers Shs 354B Surplus In August Revenue Collection

URA Registers Surplus In Revenue Collection

Uganda Revenue Authority( URA ) has registered another revenue collection surplus of sh354b for August. Net revenue collection for August closed at sh1.4 trillion against a target of sh1.03 trillion. This followed an earlier sh278b surplus for July. Cumulatively, in the first two months, the Government collected sh2.58 trillion. But the URA revenue collection is less than sh2.65 trillion. This ...

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