Mr Elly Karuhanga – Uganda-UK Convention

28/01/2013

President of Tullow , Mr Elly Karuhanga at the 3rd Ugandan UK Convention

President of Tullow Uganda, Mr Elly Karuhanga to make a presentation on opportunities in the oil sector at the 3^rd Ugandan UK Convention and biggest Ugandan UK Diaspora Trade and Investment Expo 2013

On the 14th Sept 2013 Ugandan Diasporans, investors interested in Africa, friends of Uganda and well-wishers will flock to the Troxy Arena for the 3rd Ugandan UK Diaspora Trade and Investment Expo 2013.

“Uganda has all the attributes for an investment to thrive citing enough consumers, good infrastructure, an educated skilled human resource, a correct economic and regulatory frame work as well as a Macro economic system that is very stable – President Museveni.

The Uganda Diaspora Investment Expo 2013 (UK Convention) is now the largest Ugandan gathering in Europe designed to promote Uganda and East Africa at large as a favoured investment destination in Africa. The Expo offers participants – private individuals and companies large and small – the opportunity to access our lucrative and often overlooked Diaspora market, not to mention the vast investment and business opportunities presented on the day by experts from Uganda and abroad. This year’s Convention will focus on and contribute to the economic empowerment of the Ugandan community through the Expo.

Elly Karuhanga profile

Hon. Elly Karuhanga, L.L.B serves as Legal Counsel of Uganda of IBI Corp. Mr. Karuhanga is involved in certain corporate activities, such as expected joint ventures undertaken by IBI in Uganda and in anticipated exploration and mining license acquisitions. He serves as Managing Partner of Kampala Associated Advocates, Uganda’s leading law firm. He served as President of Tullow Oil Uganda (Tullow Uganda), a subsidiary of Tullow Oil plc; two terms as a Member of Parliament; Senior State Attorney in the Ministry of Justice; Advocate of the Court of Appeals and Supreme Court of Uganda; United Nations General Assembly Delegate from Uganda; Delegate to the World Trade Organization; Honorary consul of the Republic of the Seychelles; and Advisor to Ugandan President Yoweri Museveni, among other significant business and political achievements. Throughout his career, Mr. Karuhanga has played a significant role in the advancement of the Ugandan Judicial system. He serves as the Chairman of the CADRE (The Centre for Alternative Dispute Resolution and Arbitration). He has been Independent Director of IBI Corp. since December 20, 2007. Mr. Karuhanga serves as Director of Bankom Uganda Ltd and Canmin Gold Ltd. He has been a Director of Development Finance Company of Uganda Ltd. since May 2005. He serves as a Director of Tullow Uganda. He serves as Chairman of the Presidential and Foreign Affairs Committee.

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08/10/2011

Speech by Mr Elly Karuhanga, President of Tullow Oil.

He was the keynote speaker at the Youth forum and also presented a paper on the role of Tullow Oil in Uganda. He said that Uganda is at the dawn of a new era and that this generation is witnessing history in the making. He enumerated many successful people who had started to make their mark at a young age, such as Nelson Mandela, Museveni, Bill Gates from Microsoft, Steve Jobs from Apple, and that therefore the young people in the audience would also find an opportunity in Uganda to make a difference.

He said that the economy of Uganda was completely transformed from the one the Diaspora left behind. Tullow Oil alone, he said, is looking at putting up about $4 billion dollars in the economy. If another 5 companies, such as Total, Neptune and others would invest a similar amount (another $10 billion) into the oil and gas sector in Uganda, it would make it the highest investment in East, West, Central and Southern Africa in a long time. Who, he asked, was going to protect and attend to this money? “Ugandans”, he answered, “it will be a transformational statement in the whole region”. Once again he asked the audience, “Where are you”? It is an opportunity of a lifetime for Uganda to set a new standard in Africa. Everyone has seen all the mistakes made by other oil producing African countries, but Mr Karuhanga said that Uganda would not make those same mistakes. His challenge to the audience was, “How do you go home? Not by taking a leap of blind leap of faith”, he said, “but by making a plan”. Despite the comfortable lifestyle some may have in the UK, he suggested that life could be even better by going back home and grasping the opportunities that the oil and gas sector have to offer now.

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