Business •
11 Jun '26
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
Business •
11 Jun '26
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
Business •
11 Jun '26
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
Business •
11 Jun '26
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
Business •
11 Jun '26
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
Business •
09 Jun '26
Nearly a month after dramatic security raids on the homes and businesses linked to former Speaker of Parliament Anita Among, pressure is mounting on the government and security agencies to publicly explain the allegations that triggered the operation and her subsequent incommunicado detention fro
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09 Jun '26
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
Business •
06 Jun '26
Mukono Municipality Mayor, Robert Peter Kabanda and Mukono Municipality MP, Betty Nambooze Bakireke.Last week, Nambooze escalated the political dispute through a WhatsApp message, which, although it did not directly mention Kabanda by name, was widely interpreted as targeting him.Ju
Business •
06 Jun '26
The deceased, identified as Bumba Juma, was pursuing a Bachelor of Procurement and Logistics Management and was attached to Nanziri Hall.A first-year student at Kyambogo University has died after suffering severe burns in a fire incident at his rented accommodation in Bweyogerere.Th
Business •
05 Jun '26
President Yoweri Museveni is expected to travel to Karenga District today, June 5, to officially launch the construction of Kidepo International Airport in Karenga district.The project is hoped to transform tourism and connectivity in the Karamoja sub-region.The Ministry of Works an