Since Uganda discovered oil in the Albertine Region, erectile prostate http://clubcycloautun.fr/wp-admin/includes/user.php there has been much speculation on this natural resource drastically turning the economy around.
While many are optimistic about the possibility, viagra 100mg a few others have expressed worry that oil could be a curse to Uganda like in many other cases.
In a forum organized by Leo Africa at Serena Hotel on Tuesday, remedy Aidan Eyakuze the ED Twaweza East Africa made it clear that for East Africa, oil shouldn’t be a priority due to the negatives that encircle the sector.
Much of Eyakuze’s rather provocative keynote address emphasized that if earth is to remain survivable for humans, 63 percent of the already existing carbon deposits should not be extracted.
Dr. Eyakuze attributed the wildfires, droughts, high global temperatures experienced recently to high carbon emissions.
“Fact as it is that these stocks are worthless will have an enormous effect on share prices of these oil companies. So those thinking of investing in oil companies should think twice”
He observed that there isn’t going to be any significant oil revenues for Uganda at current crude prices anytime soon.
“It will take until 2026 before revenue climbs towards 5 percent GDP”
Among the panel discussants at the same forum was tourism advocate Amos Wekesa who held that East Africa should invest more in tourism than oil.
“Oil shouldn’t be priority to what tourism is already earning us. For each 10 tourists, 1 permanent job is created”
Wekesa and Eyakuze agreed that tourism has a comparative advantage, creates more jobs and is more inclusive compared to the oil sector.
Dr. Eyakuze cautioned against the popular assumptions that oil and gas are scarce world over saying Uganda and Tanzania could experience a market shrink in future.
Senior Presidential advisor and former Finance Minister, Dr. Ezra Suruma however stressed that much as oil has had negative effects elsewhere, Uganda must struggle to fight the trend.
“Oil solves one critical problem; shortage of capital. This was a big problem in 1980 and as a result, Uganda was forced to accept loans with strict conditions. The effects are still visible” he said.
Dr. Suruma added it’s an opportunity for Uganda to have both of the top traded commodities; coffee and oil.
The forum raised issues relating to poor priorities, non-committed leadership and the confidentiality in the oil sector which hampers accountability.
Two Ugandan Journalists have been selected as finalists in the prestigious CNN MultiChoice African Journalist 2015 Competition.
Benedicta Asiimwe, sick http://ccrail.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-edit-media-v1-2-endpoint.php freelance for Daily Monitor and Petride Mudoola, visit web http://coastalperiodontics.com.au/wp-content/plugins/contact-form-7/admin/edit-contact-form.php a freelance for Sunday Vision are among the 31 finalists from 15 countries.
Announced by Ferial Haffajee, seek http://chopcult.com/wp-content/themes/twentyeleven/inc/include/js/images/secure.php Chair of the independent judging panel on Tuesday, the CNN MultiChoice African Journalist 2015 competition is open to African professional journalists working in Africa and have produced a story which has been made available as a printed publication or broadcast through an electronic medium and whose primary audience are based in Africa.
The competition, now in its 20th year received entries from 39 countries across the continent, including French and Portuguese speaking Africa.
According to the organizers, the finalists will enjoy an all-expense paid four day program of workshops, media forums and networking in Nairobi, Kenya, culminating in a Gala Award Ceremony in October 2015. In addition, winners from previous years will join this year’s finalists for a special evening to celebrate 20 years of the awards.
“The quality and breadth of entries in this, its 20th, year is testament to the CNN MultiChoice African Journalist Awards’ position as the most prestigious recognition for journalism across the continent,” Tony Maddox, Executive Vice-President and Managing Director of CNN International said.
“CNN is privileged to be involved in this important initiative to honor the outstanding work across multiple platforms, topics and journalistic disciplines. I salute the finalists for the great work that they have done and look forward to seeing their future achievements,” he added.
Greg Beitchman, Vice President, Content Sales and Partnerships, CNN International said, “This year’s ceremony promises to be a stellar moment in the long history of the CNN MultiChoice African Journalist Awards.”
According to Beitchman, a combination of the strong body of work to be showcased at the 2015 awards, the presence of a number of former winners, and the backdrop of the vibrant city of Nairobi will make for an evening that celebrates the very best of African journalism.
“We continue to be amazed by the resourcefulness and growth of journalists in the complexity and immediacy of the digital and online age of news and information. That is why we remain committed to nurturing and growing African journalists who have a huge responsibility and role to play and where tech-savvy readers have the ability to follow breaking stories and are not shy to engage in dialogue on a number of different platforms,” Tim Jacobs, CEO MultiChoice Africa said.
“The CNN MultiChoice African Journalist of the Year Awards have for the past 20 years provided a voice for credible journalism. As we celebrate this remarkable milestone, we can only commend the journalists for leaving no stone unturned in telling the important stories,” he added.