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Day: June 20, 2020

Egypt Appeals To UN Security Council To Intervene Amidst Rising Tension Over Dam On River Nile

Egypt Appeals To UN Security Council To Intervene Amidst Rising Tension Over Dam On River Nile

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By Elite News Reporter Egypt has called on the United Nations Security Council to intervene to restart talks on the $4.6bn hydroelectric dam being built by Ethiopia on the Blue Nile near the border with Sudan. The move on Friday came as tensions run high after multiple rounds of talks over the years between Egypt, Ethiopia and Sudan failed to produce a deal for the filling and operation of the Grand Ethiopian Renaissance Dam. Cairo appealed to the UN Security Council "to intervene to emphasize the importance that the three countries ... continue negotiations in good faith," the Egyptian foreign ministry said in a statement. "The Arab Republic of Egypt took this decision in light of the stalled negotiations that took place recently on the Renaissance Dam as a result of Ethiopia...
Enough IS Enough: Chief Justice Katureebe Retires After Expiry Of His Contract

Enough IS Enough: Chief Justice Katureebe Retires After Expiry Of His Contract

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By Keefa Nuwahereza Hon. Justice Bart Katureebe on Friday June 19, 2020 retired from the position of Chief Justice following the expiry of his contract. Justice Katureebe had served in the position since 2015 when he was appointed by President   Yoweri Museveni and despite having he capability and credibility to push on, he decided to seek another term in office. Statement from the Judiciary about Chief Justice Bart Katureebe's retirement A statement from the Judiciary about his retirement reads in part thus;   Justice Bart Katureebe's Last Day As Chief Justice THE JUDICIARY Plot 2, The Square High Court Building P. O. Box 7085, Kampala Uganda. Today (Friday June 19) is Justice Bart Magunda Katureebe's last official working day as Chie...
Tullow Oil Shareholders To Vote On Uganda Deal After Company Agreed To Sell Onshore Oil Fields To Total For $575m

Tullow Oil Shareholders To Vote On Uganda Deal After Company Agreed To Sell Onshore Oil Fields To Total For $575m

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 By Keefa Nuwahereza Tullow Oil has issued a circular to shareholders about the proposed sale of its stake in a Uganda project to Total for $575 million (€512 million). The company said in April it had agreed to a deal with Total to sell its stake in their joint onshore oil fields in the region. CNOOC had rights of pre-emption to acquire 50 per cent of these assets under the same terms and conditions as Total, but last month said it would not exercise those rights. That cleared the way for the sale to Total to proceed, but it required approval by regulatory authorities and needed the backing of shareholders. Tullow said it was publishing the circular after receiving approval from the Financial Conduct Authority. COVID-19 Pandemic Restrictions The general meeting will be