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
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
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
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
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
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
The 2036 development strategy of Russia’s Rostec state corporation assumes that the country will remain the world’s second-largest arms exporter, Executive Director Oleg Yevtushenko said."This year, Rostec approved its new development strategy through 2036. The difficult situation in t
The President stated that while some elements in the Ugandan political opposition might expect him to divert some of the funds from his huge State House budget to his personal accounts, he does not own such accounts.President Yoweri Museveni has publicl
The price of brown sugar has soared across Uganda, with consumers and traders alike feeling the pinch of global supply disruptions and erratic weather that has battered production in leading sugar-exporting nations.A kilogram of brown sugar now sells for between Shs5,500 a
The Stanbic Consumer Conference rang bells over Uganda’s slow progress towards agro-industrialisation, as government officials, financial leaders, and policymakers gathered to confront the challenges undermining the country’s agricultural potential.Held under the theme “Accelerating
