Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co
Kampala– Government through the Ministry of Trade, Industry and Cooperatives together with the sugar millers in Busoga region have set UGX 125,000 as the minimum price of a ton of sugarcane in the region. This follows an outcry from some sugarcane out-growers in Busoga who have taking home as l
Parliament has put the government on the spot over remarks by the Chief of Defence Forces, General Muhoozi Kainerugaba, that legislators say appear to contradict electoral laws and risk discouraging citizen participation in monitoring the 2026 general elections.The matter arose following r
KPC operates more than 1,700 km (1,056 miles) of petroleum pipelines linking the port of Mombasa to Nairobi, western Kenya and onward to Uganda. The system currently handles about 90% of Uganda’s fuel imports, making it critical to the country’s energy securityKenya plans to list the
JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
Congo’s M23 rebel group said on Monday it would “unilaterally withdraw” its forces from the strategic eastern city of Uvira, following what it described as a request from United States mediators, in a move analysts say may reflect mounting pressure on Rwanda amid threats of U.S. sanctions.
Singer Daxx Kartel has been left counting losses after police stormed his concert venue and cancelled the show just minutes before he was set to perform.Musician Daxx Kartel is yet to recover from the heavy losses he suffered after police abruptly cance
Beneath the glossy billboards bragging about 5G speeds and “Digital Uganda Vision 2040,” a far darker story is unfolding in the dust and heat of Uganda’s network extension sites. While Huawei basks in praise for powering Uganda’s next-generation networks
Members of parliament during a sitting on Tuesday 11 June, 2024. Credit: Joval Tombe/ office of the speakerSome members of South Sudan’s Transitional National Legislative Assembly have called for the immediate withdrawal of Ugandan People’s Defence Forces (UPDF) operating in the countr
