The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and generate thousands of jobsKampala: Uganda’s proven oil reserves have risen to 6.65 billion barrels, up from 6.4 billion,
Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts.Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain.Spot
President Donald Trump on Thursday threatened to begin testing US nuclear weapons in response to actions by rival countries, an announcement that came moments before his meeting with Chinese leader Xi Jinping.Trump in a post on social media said, “The United States has more Nuclear Weapo
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipeline to the Tanzanian coast of Tanga by July 2026, more than 20 years after the first commercial discovery was made in western
Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.Rosneft and
Russia's Federal Security Service (FSB) has accused the exiled opposition leader Mikhail Khodorkovsky and 22 members of the Russian Anti-War Committee of plotting a coup. The Russian Anti-War Committee, founded in 2022, describes itself as a platform supporting "anti-war Russians" and promoting "
Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary ral
Museveni Buys Shs500,000 Handmade Shoes from Skilling Hub Graduate in PaderPresident Museveni on Thursday left supporters amused when he purchased a pair of handmade shoes for Shs500,000 from a beneficiary of the Presidential Skilling Hub during his campaign visit to Pader District.
NIRA Executive Director Rosemary Kisembo. NIRA says New National IDs are ready for collectionKAMPALA, Uganda — The National Identification and Registration Authority is holding thousands of printed national identity cards in its warehouses, delaying iss
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.Delayed construction heightens importance of missing piece in
