Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the
The government has earmarked Shs2.26 trillion for agro-industrialisation in the 2026/27 financial year, targeting irrigation, value addition, agro-processing and agricultural research as part of efforts to transform Uganda’s agriculture sector into a more commercial and export-driven engine of
Uganda’s income per person is projected to rise to USD 1,420 (about Shs5.1 million) in the current financial year, Finance Minister Henry Musasizi announced Thursday, a milestone that underscores the country’s steady economic expansion ahead of the anticipated oil era.Presenting the 20
Presenting the national budget before Parliament on June 11, 2026, Finance Minister Henry Musasizi said the country's economic outlook remains strong, supported by low inflation, rising exports, growing investment and increasing business confidence.Musasizi projects Uganda's economy will g
When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, as
KAMPALA, Uganda – June 8, 2026: Uganda has marked a significant moment in its political history with the swearing-in of Hon. Sanjay Tanna as Minister of Trade, Industry and Cooperatives, making him the first Ugandan of Asian origin to serve as a substantive Cabinet minister since Shafic Arain h
When President Museveni delivers the State of the Nation Address on Thursay, Ugandans will be listening keenly for the direction he plans to steer the nation in the first year of his seventh term. The SONA is a constitutional mandate under Article 101 (1), delivered at the beginning of eac
Yara fertilizer which farmers are advised to use moderately following the required instruction to avoid challenges caused to the environment. Photo/ Lominda AfedraruIn a sweeping regulatory move aimed at safeguarding public health, environmental integrity, and international trade, the Mini
President Museveni is preparing a fresh round of changes in the public service, with several Permanent Secretaries expected to be reassigned or moved as part of a wider effort to align government implementation with the priorities of his newly appointed Cabinet.Highly placed government sou
KAMPALA — The Government will on June 11, 2026, present the national budget for the 2026/27 financial year, with officials promising a private sector-driven spending plan focused on export growth, agricultural transformation, industrialisation and job creation.The budget will be read in
