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Museveni says NSSF money should build roads, not sit in govt bonds

Museveni says NSSF money should build roads, not sit in govt bonds

President Museveni on Friday criticised the investment strategy of the National Social Security Fund (NSSF), urging it to channel savings into infrastructure projects, as he set out key economic priorities for his new term.Speaking at Labour Day celebrations in Buikwe District, Museveni sa

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Govt moves to block conversion of leasehold to freehold on state land

Govt moves to block conversion of leasehold to freehold on state land

Government through the Ministry of Lands, Housing, and Urban Development (MLHUD), is pushing for suspension of conversion of government land from leasehold to freehold tenure.The revelation comes after Uganda Land Commission (ULC) chairperson Prof. Nyeko Pen-Mogi sounded an alarm to the la

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First oil transition takes focus at Oil and Gas Convention, banks urged to seize operational opportunities

First oil transition takes focus at Oil and Gas Convention, banks urged to seize operational opportunities

Minister of Energy and Mineral Development- Hon. Dr. Canon Ruth Nankabirwa (3L) paid a courtesy visit to the I&M Bank booth where she was welcomed by staff during the Oil and Gas Convention.The 11th Annual Oil and Gas Convention 2026 opened on Tuesday, 28 April, at Speke Resort Munyony

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Mr President, thanks a lot for the first Karamoja factory

Mr President, thanks a lot for the first Karamoja factory

President Museveni on Saturday became a referee, blowing the whistle for Karamoja to take off by commissioning the first factory of its kind in Karamoja.Karamoja, once a neglected region right from colonial rule, had no single factory, no tarmac road, no electricity, and its communication

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Museveni Commissions New UGX1.1 Trillion Cement Plant In Moroto, Warns URA off Taxes

Museveni Commissions New UGX1.1 Trillion Cement Plant In Moroto, Warns URA off Taxes

Uganda’s heavy reliance on imported clinker—costing the country hundreds of millions of dollars annually—has long strained the economy and limited the growth of local industry.Leaders say the country has been losing up to 85 percent of the value of cement production to external marke

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Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of contradiction in the global energy narrative.On one hand, the world is accelerating towards a low-carbon future, with growing consensus on the need to scale up renewable energy.On the other h

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Moroto: Uganda Moves to Cut Clinker Importation as Museveni Commissions Yaobai Factory

Moroto: Uganda Moves to Cut Clinker Importation as Museveni Commissions Yaobai Factory

President Yoweri Kaguta Museveni, in the company of the Former Prime Minister of Ethiopia, H.E Hailemariam Desalegn Boshe, has today presided over the commissioning of Phase One of a 6,000-tonne cement clinker production line by Yaobai Cement. The facility is located in Nanduget , Moroto District

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Government pumps Shs101 billion into Mbale industrial park roads

Government pumps Shs101 billion into Mbale industrial park roads

The Ministry of Finance, Planning and Economic Development has released Shs101 billion to build 11 kilometres of roads inside the Sino-Uganda Mbale Industrial Park, as government moves to improve infrastructure and attract more investors.The funds are part of the 2025/2026 financial year b

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EXCLUSIVE! 10 Key Power Brokers Behind President Museveni’s New Gov’t Formation Named

EXCLUSIVE! 10 Key Power Brokers Behind President Museveni’s New Gov’t Formation Named

Former Prime Minister Rt. Hon. Amama Mbabazi is back in the kitchen cabinet! We can exclusively report that the man from Kanungu is the one behind the secret vetting of key technocrats to be considered for Permanent Secretary, Executive Directors, and Directors in the MDAs as President Yoweri Mus

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Uganda Nears First Oil as Projects Reach Completion

Uganda Nears First Oil as Projects Reach Completion

Uganda is approaching what officials describe as a decisive phase in its petroleum journey, with major oil infrastructure projects reporting near-completion ahead of expected production in the second half of 2026.This was announced ahead of the 11th Annual Oil and Gas Convention (OGC 2026)

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