ARTHUR MUKEMBO, a real estate expert, is the regional director, RE/MAX Uganda. He is also a board member of the Association of Real Estate Agents of Uganda (AREA-U). The Infrastructure Magazine’s Martin Ariko sounded him out on various issues regarding the country’s budding real estate sector.
On 14 September 2017, Irene Muloni and Roger Cressey, representing the government of Uganda and Armour Energy, respectively, inked a deal under which the government handed over the Kanywatabala oil Block to the Australian oil prospector, for oil exploration.
Long and drawn out compensation battles with land owners where proposed public infrastructure is planned to pass, is one of the biggest handicaps that has caused delays in execution of government projects in the country, Uganda’s Minister of Works & Transport, Monica Azuba Ntege has said.
On average it takes 2 years for land compensation disputes to be resolved, a process that has been wrought with corruption, ballooned compensation claims and stubborn land owners conniving with lawyers to delay works in a bid to attract hefty compensation.
Fred Jachan Omach the former State Minister of Finance (General Duties) has been sworn in as the new Chairman of the board of the Uganda National Roads Authority (UNRA) with calls to his board to ensure corruption is stamped out of the roads agency, value for money on government investment on roads is realized and that internal capacity to build roads is built.
Four Countries that share Lake Tanganyika on the north west of Tanzania; including the Democratic Republic of Congo, Burundi and Zambia are due to sign a Memorandum of Understanding for joint exploration of oil and gas on the lake.
In October 2016, Tanzania and the DRC signed a MoU on joint exploration.