Fred Ojambo News Today

Sunil Mittal: Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just 0.3% of the IPO. Shares were unchanged at 100 shillings on its debut on Tuesday.

(Bloomberg) -- Activists demonstrating against a $4 billion oil pipeline in Uganda have been threatened and detained as non-governmental organizations in the country are scrutinized, according to a Human Rights Watch report.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsReal Estate Industry Takes Fresh Hit With Verdict on Comm...

Human rights group reports state-sponsored arbitrary arrests, illegal detention and abuse of detainees in ‘safe houses’

TotalEnergies and its partners reached a final investment decision worth over $10 billion to produce Uganda’s oil discoveries and build a pipeline that will turn the country into a significant crude exporter.

Ugandan President Yoweri Museveni said last year an agreement had been reached with the companies to start production by 2025

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Mahathi Infra Uganda’s $270-million lakeside logistics complex, a strategic addition to the East African nation’s oil infrastructure, is set to start operations in January.

MTN Group said the initial public offering of its Ugandan unit raised USh535.9-billion, less than two-thirds of its target.