A criminal on handcuffs (internet photo)A Turkish investor has fallen victim to a high-level fraud syndicate in Uganda, losing a staggering $4.95 million in a fictitious chemical supply deal allegedly linked to the Ministry of Energy and Mineral Developme
Uganda has officially launched a national biofuels blending programme that could transform the country’s energy landscape, breathe new life into rural agriculture, and significantly cut carbon emissions.The initiative, which will begin with a 5% ethanol blend in petrol (E5) and scale up
Urgent and targeted action is needed to tackle Kampala’s alarming vehicle emissions problem, a new report has revealed.The study, conducted by The Real Urban Emissions (TRUE) Initiative in collaboration with the United Nations Environment Programme (UNEP), has provided the first-ever rea
BONN, Germany — Climate activists and health experts at the Bonn Climate Summit have called on global governments to take a decisive stand against fossil fuels and loosely regulated carbon markets, warning that failure to act could worsen both environmental degradation and public health outcome
In 2022, disastrous floods hit Sino Uganda Industrial Park in Mbale leaving a trail of destruction.The floods that hit Mbale City on July 30 and 31, 2022 killed over 20 people all together and destroyed several infrastructures including at the industrial park.Fast forward,
The government has launched the National Climate Change Mechanisms Regulation, a key milestone in the country's efforts to operationalise Article 6 of the Paris Agreement and tap into the growing global carbon market.Unveiled by the Ministry of Water and Environment at its headquarters in
Absa Bank Uganda has commemorated World Earth Day by planting 1000 trees at Buwagga Secondary School in Wakiso District.The event brought together Absa employees, students, and community members to plant trees as part of the bank’s ongoing broader initiative to shape a sustainable f
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.An IMF report released at its annual spr
The Ministry of Energy says opening up new areas will, among others, contribute to the sustainability of oil production. The Ministry of Energy and Mineral Development has opened up three new areas or frontier basins for petroleum activities spanning 17,244 square kilometres across the c
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
