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[Independent (Kampala)] Kampala, Uganda -- Government seeks to allow the Uganda National Oil Company (UNOC) access to proceeds from the sale of its interests in the crude oil.
Critics have called it a stunt to invite sympathy. Yet Amuriat says campaigning without shoes is a protest and that those who do not get its symbolism are missing a point.
Uganda is due to hold a general election on January 14. Amuriat and another opposition candidate, Bobi Wine have had their rallies violently dispersed by security forces or been arrested.
In mid-November, scores of people were killed as security forces attempted to quell protests against the arrest and detention of Bobi Wine.
Police has accused the candidates of addressing huge gatherings in contravention of regulations on COVID-19 prevention.
Swollen feet
In an interview with one of the dailies in Uganda, Amuriat said his feet hurt a lot and has to pour cold water on them in between campaign stops for some relief.
Doctors have cautioned him on the potential danger of contracting tetanus from cuts to his feet.
Yet Amuriat remains adamant. He says by refusing to wear shoes, he’s standing in solidarity with people whose wealth and opportunities have been stolen by the country’s longtime ruler Yoweri Museveni.
JUST IN: FDC presidential candidate Patrick Amuriat has been arrested at the border of Rubirizi and Bushenyi districts. The reason for his arrest is yet to be known📹 @MukhayeD#MonitorUpdates#UGDecides2021 pic.twitter.com/xopK4FMoD0
— Daily Monitor (@DailyMonitor) December 4, 2020
Museveni, in power since 1986 is seeking a new term. In 2017, he changed the constitution to remove age limits that would have stopped him from seeking re-election.
FDC is Uganda’s largest opposition party. In 3 previous elections, the party fronted veteran activist and retired army colonel Kizza Besigye for president.
[IPS] Bonn -- Once a year, on 9 August, the International Day of the World's Indigenous Peoples is commemorated, celebrating their unique culture and knowledge. This is done mostly from a distance, from our homes in (nominally) developed countries. But are we as developed as we pretend to be? On this question, I reflected for a while, still remembering a special and personal experience of having spent several days with an indigenous Berber family in Morocco.
Uganda's President Yoweri Museveni on Wednesday awarded its athletes luxurious vehicles, houses and monthly stipend following their successful performance in the just concluded Tokyo Olympics.
Prices of food items rose highest in Ebonyi, Bayelsa and Edo States in Nigeria in May, the consumer price index report released on Wednesday by the National Bureau of Statistics (NBS) has shown.
The report revealed that on a month on month basis, food price inflation was highest in Ebonyi at 3.43 per cent, Bayelsa at 3.21 per cent and Edo at 2.74 per cent in the month.
The report said in May, food inflation on a year on year basis was highest in Abuja at 18.13 per cent, Osun at 17.40 per cent and Imo at 17.13 per cent.
According to the report, the headline consumer price index in May rose 12.4 per cent from a year earlier, compared with 12.3 per cent in April.
All items inflation
The report said In May, all items inflation on year on year basis was highest in Rivers at 14.69 per cent, Bauchi 14.91 per cent and Ebonyi, Kogi and Plateau at 13.87 per cent, while Benue 11.13 per cent, Adamawa 11.10 per cent and Kwara 10.58 per cent recorded the slowest rises in headline year on year inflation.
BRASILIA, (Reuters) A group of 39 companies, including several of Brazil’s largest firms, expressed concerns over deforestation in the Amazon rainforest yesterday, following global investor demands that President Jair Bolsonaro end the destruction or risk divestment.
The article Brazilian companies join call for action on Amazon deforestation appeared first on Stabroek News.
Anne Wanjiku Ngugi a poultry farmer puts feed for her layers at her farm in Thika Kiambu County. [Wilberforce Okwiri,Standard] When Ann Ngugi ventured into poultry farming 25 years ago, the 67-year-old reveres how the business was lucrative. A tray of 30 eggs would fetch a reasonable profit. It is,…
The HistoryMakers Precursors to black-owned life insurance companies can be traced back to plantation life where enslaved people sought to care for their sick and provide appropriate burials for the deceased. Often these burial services were carried out in secret, but, dating back to the eighteenth century, records show how formal benevolent or mutual aid […]
Touchstone Exploration's operations improved in the second quarter of 2021 in which it recorded a lower net loss of $284,000 compared to $2.7 million for the same period of 2020.
In its financials for the six months ending June 30, 2021, Touchstone said the loss was due to increases in operations, pricing and royalties.
“The decreased net loss was primarily attributed to an increase in operating netbacks, which were driven by increased realised pricing and slightly offset by increases in associated royalties and operating costs as we resumed pre-pandemic field operation levels.”
The company also reported funds flow from operations of $1.2 million compared to $450,000 use of funds flow last year.
“In comparison to the second quarter of 2020, the increase primarily reflected a 101 per cent increase in crude oil realised pricing, which increased 2021 second quarter operating netbacks by $2 million from 2020.
“Relative to the second quarter of 2020, further savings in second quarter 2021 term loan interest costs were offset by increased general and administration costs and income tax expenses accrued from increased taxable income.”
President and CEO Paul Baay said the results showed progress in all areas of operations in a challenging covid19 atmosphere.
“The positive cashflow derived from our base assets and our strong liquidity position have allowed us to advance our exploration operations while we work towards initial natural gas production at our Coho and Cascadura discoveries.”
“The team has been active in increasing our base oil production through a series of low-cost workovers and well optimisation while preparing for the four development well drilling programme planned for the fourth quarter of 2021.”
He added that progress on the Ortoire block was coming along on all fronts and remained confident that available credit facility capacity and anticipated funds flow from operations will be sufficient to complete their four well development programme and the drilling of Royston-1.
Touchstone also recorded a cash balance of $11.2 million, a working capital balance of $4.7 million and $7.5 million drawn on its term credit facility resulting in a net debt position of $2.8 million.
“Our near-term liquidity is augmented by $12.5 million of current undrawn credit capacity, which we may access any time prior to the end of the year based on an amendment to the $20 million term credit facility agreement executed in June 2021.
“Our primary objective remains to bring our Coho and Cascadura area natural gas exploration discoveries at Ortoire onto production as soon as practicable. Our focus in the second quarter of 2021 remained on Ortoire exploration operations, as we invested $6.7 million.”
The company said crude oil sales averaged 1,402 barrels per day (bbls/d) in the second quarter, which represented an eight per cent increase from the first quarter of 2021 and consistent with production realised in the second quarter of 2020.
The post Touchstone operations improve despite net loss appeared fi
