Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
Opposition leader Bobi Wine has criticised the country’s expanding oil exploration agenda, warning that the anticipated petroleum revenues could entrench authoritarian rule rather than benefit citizens.In an interview with Bloomberg while in self-imposed exile in the United States, Bobi
ENTEBBE — Uganda and the Democratic Republic of the Congo have announced plans to jointly explore oil resources in the Albertine Graben along their common border, signalling a major expansion of economic and strategic cooperation between the two neighbours.The development emerged during
Uganda Petroleum Institute Kigumba (UPIK) is a public tertiary institution that began in came into existence following a directive from His 2009 on orders of President Yoweri Museveni who was keen on putting in place a school to support the country’s oil and gas sector.UPIK was establish
Organisation: Petroleum Authority of UgandaDuty Station: Kampala, UgandaAbout Organisation:The Petroleum Authority of Uganda (PAU) is a statutory body established under Section 9 of the Petroleum (Exploration, Development and Production Act 2013, and in line with the National
Kampala, Uganda | THE INDEPENDENT | Devon Petroleum SMC LTD has officially entered Uganda’s downstream petroleum sector with the launch of six fuel stations, positioning itself to compete in an increasingly crowded market where oil marketers are racing to expand retail networks, strengthen cust
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
Four senior Uganda People's Defence Forces (UPDF) officers have been remanded to Makindye Military Barracks on charges of misusing operational fuel for their personal gain.Brig Gen James Barigye Ruheesi, 60; Col David Ocitti Kidega, 52; Maj Innocent Kikongi Mugumya, 41 and Capt Kenneth Lab
Police have bust an illegal fuel trading ring in Mangochi District and arrested three people suspected of running it after they were found with 4 500 litres of fuel without permit.Mangochi Police Station spokesperson Amina Tepani Daudi confirmed the arrests, saying the operation, jointly c
Government has launched investigations into Oil Marketing Companies suspected of hoarding fuel and charging exorbitant prices, even as officials insist national stocks remain sufficient.The move follows mounting public complaints of dry pumps, rationing, and selective selling at petrol sta
