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Uganda fears foreign investor backlash on anti-gay bill

Ugandan Minister of State for Investment, Aston Kajara, has said in an AP report that Uganda’s government fears a backlash from foreign investors if the Anti-Homosexuality Bill passes.

Aston Kajara is also the minister who has been dealing with the Heritage Oil and Tullow Oil deal. There was a chance that the government was going to block Tullow Oil from purchasing the two blocks at Lake Albert from Heritage.

While Tullow’s offer has yet to be approved by the Ugandan government, speculation is already mounting over who they will choose to bring into the deal with them. Total SA and CNOOC are often mentioned and both have very spotty records when it comes to working responsibly in the countries in which they have operations.

In a BBC report, Minister Kajara was quoted as saying the legislation was unecessary and that the government would look to have it quashed. In the same piece, the Ugandan Minister for Ethics, James Nsaba Buturo was quoted saying that Minister Kajara was not speaking for the government.

Obviously Tullow Oil, and CEO Aidan Heavey are in a prime position to put pressure on the Ugandan government before they invest 1.35 billion USD into the Lake Albert area.

Tullow Oil have so far declined to comment.