Business •
13 Apr '26
President Donald Trump speaks with reporters at Joint Base Andrews, Md., Sunday, April 12, 2026, after he returned from Miami. (AP Photo)US President Donald Trump is considering limited military strikes on Iran alongside a naval blockade of the Strait of Hormuz, as his administration looks
Business •
08 Apr '26
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
Business •
07 Apr '26
The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan
Business •
05 Apr '26
This is the first official confirmation from the government that India is buying Iranian crude, following the sanctions waiver for Iranian oil on water announced by the US last month. (File Photo)Indian refiners are buying crude from Iran as part of their efforts to secure oil supplies ami
Business •
01 Apr '26
The Commercial Division of the High Court has ordered Equity Bank Uganda to pay millions to Indian Company over Mukwano’s documents shipping deal.On or around September 13th, 2016, Mukwano Industrial Suppliers Limited based in Uganda ordered 72 metric tonnes of Liquid Glucose Concentrate
Business •
30 Mar '26
In a picture verified by AFP, the mangled airframe of the US air force jet stands on the runway of Prince Sultan air base in Saudi ArabiaThe mangled airframe of the four-engined US air force jet stands on the runway of Prince Sultan air base in Saudi Arabia.Amid the twisted metal,
Business •
24 Mar '26
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
Business •
21 Mar '26
If confirmed, this would mark Iran’s first operational use of IRBMs and a significant attempt to target areas far beyond Middle East and threaten US interests.Iran reportedly fired two intermediate-range ballistic missiles at Diego Garcia, a joint US-UK military base in the middle of the
Business •
20 Mar '26
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
Business •
13 Mar '26
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