Search Results

WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines.Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold

Ultimate Uganda

Uganda’s moment to build, not beg, the world

Uganda’s moment to build, not beg, the world

There are moments in a nation’s life when an external decision, seemingly adverse, even unfair, forces an uncomfortable but necessary reckoning.The recent tightening of United States visa conditions for Ugandans, including the introduction of substantial visa bonds, is one such moment. I

Ultimate Uganda

Uganda targets $10 billion in coffee revenue with new industrial park

Uganda targets $10 billion in coffee revenue with new industrial park

Uganda’s coffee exports soared 38% in October 2025, reaching $185.56 million, driven by robust Robusta and Arabica shipments. Read the full report on top buyers and the $2.4 billion annual earningsKAMPALA, Uganda — President Yoweri Museveni has approved a 572 billion shilling investmen

Ultimate Uganda

“I know what Uganda wants,” Gen. Museveni tells Gen. Salim Saleh

“I know what Uganda wants,” Gen. Museveni tells Gen. Salim Saleh

When Gen. Caleb Akandwanaho (Rtd) Salim Saleh presented his long, detailed analysis of Uganda’s economy and structured recommendations for improvement in the form of the Third National Development Plan (NDPIII) to President Museveni, he laid out the kinds of problems that many Ugandans feel eve

Ultimate Uganda

New board takes over at Uganda Railways amid decay and land grabbing concerns

New board takes over at Uganda Railways amid decay and land grabbing concerns

Former Energy Minister Daudi Migereko takes over as chairman of the Uganda Railways Corp. board, facing the challenge of reviving a national asset plagued by decades of decay and land grabbing.KAMPALA, Uganda — Former Energy Minister Daudi Migereko has taken over as chairman of the Ugand

Ultimate Uganda

Kenya’s Ruto assures Museveni on Indian Ocean access at factory launch in Tororo

Kenya’s Ruto assures Museveni on Indian Ocean access at factory launch in Tororo

President Ruto dismissed the notion of any existing rift between the neighbouring East African states, suggesting that media reporting had inflated the severity of the issue. President William Ruto of Kenya today sought to address recent tensions sparked by his Ugandan counterpart Yoweri M

Ultimate Uganda

Uganda Coffee Exports Hit Record 8.2m Bags Worth $2.3bn

Uganda Coffee Exports Hit Record 8.2m Bags Worth $2.3bn

Uganda’s coffee sector has posted its strongest performance in history, with exports for the Coffee Year 2024/2025 soaring to 8.2 million 60kg bags, earning the country US$2.3 billion (UGX 8.1 trillion).The latest report from the Ministry of Agriculture, Animal Industry and Fisheries (MA

Ultimate Uganda

Oil rises after Ukrainian attack on Russian depot.

Oil rises after Ukrainian attack on Russian depot.

Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude futures rose $1.24, or

Ultimate Uganda

Oil Production: NUPRC To Begin 2025 Licensing Round From December 1.

Oil Production: NUPRC To Begin 2025 Licensing Round From December 1.

The decision to flag up the licensing rounds is in line with President Bola Tinubu’s plan to grow Nigeria to a $1 trillion economy.A graphic illustration of barrels of crude oilThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to commence th

Ultimate Uganda

Oil Climbs for a second day on risk-on tone in wider markets

Oil Climbs for a second day on risk-on tone in wider markets

Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government shutdown, wit

Ultimate Uganda