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Kingfisher oil field nears completion

Kingfisher oil field nears completion

Cnooc Uganda Ltd has revealed that the development of the Kingfisher Field Development Area (KFDA) is in the advanced stage, ahead of the first commercial oil production in the last quarter of 2025. The KDFA, expected to have a maximum production of 40,000 barrels of oil per day for five

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Govt plans to cut next budget by Shs14 trillion

Govt plans to cut next budget by Shs14 trillion

Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trillion budget for the 2024/25 financial year to Shs72.1 trillion, marking a significant increase of Shs14.1 trillion, a f

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Govt plans to cut next budget by Shs14 trillion

Govt plans to cut next budget by Shs14 trillion

Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trillion budget for the 2024/25 financial year to Shs72.1 trillion, marking a significant increase of Shs14.1 trillion, a f

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Ghanaian Investor to Fix Kiteezi Landfill

Ghanaian Investor to Fix Kiteezi Landfill

The Ugandan government has entered into a partnership with Ghana’s Jospong Group of Companies to recycle waste that has accumulated at Kiteezi landfill in Wakiso District over the past 28 years. The collaboration aims to address Kampala’s long-standing waste management issues by rehabilitating t

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Uganda Races to Meet EU Coffee Export Certification Deadline

Uganda Races to Meet EU Coffee Export Certification Deadline

Uganda’s coffee exports to the European Union (EU) are expected to remain unaffected by the looming December 2024 deadline of the EU Deforestation-free Regulation (EUDR), according to Hon. Henry Musasizi, the Minister of State for Finance, Planning and Economic Development (General Duties). The mi

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Green Finance: Uganda's farming lifeline

Green Finance: Uganda's farming lifeline

Can Green Finance Unlock Uganda's Potential? Only 22 percent of Ugandan farmers in agribusiness have access to green finance according to the 2023 FinScope Uganda report. Many subsistence farmers continue to report less and less harvest every year and yet don’t know why. The answer is obvi

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Reborn Okello says worst is behind him

Reborn Okello says worst is behind him

This time last year Allan Okello was not that certain about his career, but had - at least - been given a lifeline by Vipers SC when they signed him on transfer deadline day despite carrying a troublesome knee. Okello’s knee issue had first been discovered when he was summoned to the U

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Economy still faces several risks, says BoU

Economy still faces several risks, says BoU

Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot

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Airlines suspend flights as Middle East tensions rise

Airlines suspend flights as Middle East tensions rise

Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline can

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Pope Francis to appoint 21 new cardinals in December

Pope Francis to appoint 21 new cardinals in December

Pope Francis will appoint 21 new cardinals from around the world, he announced on Sunday, in an unexpected push to influence the powerful group of churchmen that will one day choose his successor. The ceremony to install the new appointees, known as a consistory, will be held on Dec. 8,

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