Business •
12 May '26
ENTEBBE — Uganda and the Democratic Republic of the Congo have announced plans to jointly explore oil resources in the Albertine Graben along their common border, signalling a major expansion of economic and strategic cooperation between the two neighbours.The development emerged during
Business •
06 May '26
Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump prices.The shipment, offloaded on May 5, comprises 47.5 million litres o
Business •
02 May '26
Iran released a statement on Saturday, saying it will enforce “new rules” over waters along its coastline in the Arabian Sea and the Strait of Hormuz, making the waters “a source of security and prosperity for the region”.The announcement came as US Treasury Secretary Scott Bessant
Business •
01 May '26
The government has been ordered to pay Shs 10 million for unlawfully detaining three youth climate activists.In a recent ruling, the High Court found that the activists’ right to personal liberty under Article 23(4)(b) of the Constitution was violated when they were held by police for mo
Business •
01 May '26
Government through the Ministry of Lands, Housing, and Urban Development (MLHUD), is pushing for suspension of conversion of government land from leasehold to freehold tenure.The revelation comes after Uganda Land Commission (ULC) chairperson Prof. Nyeko Pen-Mogi sounded an alarm to the la
Business •
26 Apr '26
Motorists and boda boda riders in Mbarara are grappling with rising fuel prices and supply shortages, triggering long queues, fears of fare hikes, and wider economic strain as several stations run out of stock.Hundreds of motorists and cyclists on Saturday crowded Shell Ankole in Mbarara C
Business •
26 Apr '26
Uganda is edging closer to its first commercial oil production, with sector readiness now at 99 per cent following a high-stakes emergency drill conducted by China National Offshore Oil Corporation (CNOOC).The government has set July as the target for first oil, marking the country’s lon
Business •
25 Apr '26
IRAN’S Supreme Leader is so severely disfigured he requires plastic surgery and a prosthetic, new reports on his condition have revealed.Ayatollah Mojtaba Khamenei was critically wounded during Donald Trump‘s February 28 strike, which eliminated his father and ex-regime ruler Ali Khame
Business •
25 Apr '26
As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of contradiction in the global energy narrative.On one hand, the world is accelerating towards a low-carbon future, with growing consensus on the need to scale up renewable energy.On the other h
Business •
25 Apr '26
The industry has put the completion level of the export pipeline at close to 90 percent today, while pre-commissioning and commissioning testing phase (including hydro testing) exercises are ongoing to determine the facility’s readiness, according to the Petroleum Authority of Uganda (PAU).