Mumbai, March 30: A significant fire broke out at the Bazan oil refinery in Haifa's industrial zone in Israel today, Monday, March 30, following a coordinated missile and drone attack launched from Iran and Lebanon. Local emergency services responded to reports of multiple impacts near the facili
Government’s plan to double taxes on used clothes signals renewed industrial ambition but risks squeezing low-income consumers and destabilising a fragile garments sector. With local production still insufficient, the policy revives old debates: can protection drive growth without first fixing
Henry Musasizi (left) and Hamson Obua addressing the media at ParliamentThe Minister of State for Finance (General Duties), Henry Musasizi, has defended the proposed increase in the government’s total resource envelope, saying it is aimed at supporting key priorities for the 2026/27 fina
The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has revealed that the Uganda Revenue Authority (URA) is expected to collect Shs 44.5 billion in taxes to support a proposed Shs 84.209 trillion national budget for the 2026/27 financial year.Musasizi also
The government has unveiled a proposed UGX84.2 trillion national budget for the Financial Year 2026/2027, with projected domestic revenue of UGX44.5 trillion, as part of efforts to boost service delivery and economic growth.Speaking to journalists at Parliament on Friday, the State Ministe
Minister of Energy and Mineral Development Ruth Nankabirwa.Minister of Energy and Mineral Development Ruth Nankabirwa has assured Ugandans that there is no immediate reason for increase in fuel prices this month.Her remarks come at a time when motorists are already feeling the pinch
KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr
As of Friday, pump prices exceeded Shs 5,300 at some outlets such as TotalEnergies, yet according to PS Batebe, Uganda has fuel stocks lasting over two monthsUganda’s government has cautioned oil marketing companies against unjustified increases in fuel pump prices, even as global market
USS Tripoli provides US an opportunity to put troops on ground to secure the Strait of Hormuz, key waterway choked since the conflict began on Feb 28.The direction that on-going US-Israel-Iran war will take will be decided next week when 50,000 ton USS Tripoli, amphibious assault ship, car
Kampala — Uganda’s fuel prices remain significantly lower than those in Europe despite rising geopolitical tensions affecting global oil markets, with officials attributing the stability to diversified supply arrangements through the Uganda National Oil Company (UNOC) and its international su
