Uganda continued to offer the highest 91-day Treasury Bill rate among major East African Community economies during the first quarter of 2026, according to the latest EAC monetary statistics.The data indicates Uganda's position at the top of the regional interest rate rankings
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
As construction of the East African Crude Oil Pipeline (EACOP) nears completion, the project company has initiated mass layoffs in Uganda and Tanzania, triggering anxiety among section of staff. The move has also stoked claims of discrimination amid claims of retention of majorly expatriat
The Church of Uganda is preparing for a major leadership transition as Archbishop Stephen Kaziimba approaches retirement in August next year.Kaziimba is expected to retire on August 14, 2027, a day before his 65th birthday. His departure will pave the way for the election of the Church of
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
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
Jailed opposition leader Dr Kizza Besigye has gone back to the High Court with his co-accused Hajji Obeid Lutale, this time to stop their treason trial completely.They say the case is unfair because of how they were arrested and because of repeated public threats made by Chief of Defence F
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda.Uganda’s oil journey has been defined less by extraction than by
Residents of Nyarubisi Village in Kitanga Parish, Kashambya Sub-county, Rukiga District have expressed frustration over the stalled Kantare–Rushekyere–Nyarubisi–Mutambi Road project, saying the delayed works have continued to affect transport, healthcare access, education, and agricultural
