Uganda is preparing to issue its first sovereign sukuk as part of efforts to finance the construction of a standard gauge railway (SGR) linking Kampala to the Kenyan border town of Malaba, marking the country’s entry into Islamic capital markets, Ecofin Agency reports.The Ministry of Fin
At 4pm in Nyangole A, Tororo Municipality, Ms Binti Ogema is hurriedly collecting firewood to prepare a meal for her extended family.The fireplace appears cold, with wet ash suggesting it has been unused for hours or even days, pointing to long gaps in cooking.Ms Ogema, 55, a widow,
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
Uganda has been ordered to pay about Shs522 billion ($138.93 million) to Rift Valley Railways Uganda Limited (RVRU) after an international arbitration tribunal in London found that the government “wrongfully terminated” a railway concession agreement.The dispute arises from a regional
Uganda’s long-distance transport sector is mourning the sudden death of Captain Nassor Magram, a Mash East Africa driver who passed away on Thursday while operating along the Jinja–Kampala route. His body was later transported to Kenya the same night, before being moved to Nairobi for
Government has launched investigations into Oil Marketing Companies suspected of hoarding fuel and charging exorbitant prices, even as officials insist national stocks remain sufficient.The move follows mounting public complaints of dry pumps, rationing, and selective selling at petrol sta
Uganda has secured incoming fuel shipments totaling more than 450 million litres, with authorities saying the deliveries will reinforce national reserves and sustain one of the most competitive pump price regimes globally.In a statement released Tuesday, the Ministry of Energy and Mineral
Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion euro ($3.19 billion) Standard Gauge Railway (SGR) project.In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in t
MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say this offers cautious optimism to growers and processors after years of volatility. Data from the Mombasa tea auction indic
Reports from Kenya say Nairobi had asked to tap Uganda’s petrol stocks as a temporary measure and promised to replace the fuel once delayed shipments arrived.Uganda rejected a request by Kenya to access fuel reserves held in the Kenya Pipeline Company network.The move is reported
