Search Results

WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

WHO’S EATING UGANDA’S GOLD MONEY? Foreign Firms Cash in as Ugandans remain poor

Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines.Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold

Ultimate Uganda

Electoral Commission Asks Court to Keep Walukagga Off 2026 Ballot

Electoral Commission Asks Court to Keep Walukagga Off 2026 Ballot

The Electoral Commission (EC) has defended its decision to cancel the candidature of Mathias Walukagga, insisting that he did not meet the minimum academic qualifications required to contest for the Busiro East parliamentary seat.In an affidavit in reply filed before the Civil Division of

Ultimate Uganda

Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investment

Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investment

Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore investmentlokmattimes.com55minNew Delhi, Nov 25 The Ministry of Coal on Wednesday successfully completed the auction of three coal blocks ...Centre auctions 3 coal blocks, likely to attract Rs 7,350 crore

Ultimate Uganda

China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.

China has announced the discovery of the largest gold deposit ever found in the country since 1949, with estimated reserves of 1,444 tonnes in Liaoning province. The discovery comes at a time when global gold prices are hitting record highs.The Chinese Ministry of Natural Resources confirm

Ultimate Uganda

Uganda’s recoverable oil reserves rise to 1.65 billion barrels.

Uganda’s recoverable oil reserves rise to 1.65 billion barrels.

Uganda’s petroleum sector has reported an increase in the country’s estimated oil and gas reserves, according to Ernest Rubondo, Executive Director of the Petroleum Authority of Uganda (PAU), a government agency that regulates the sector.According to Rubondo, the latest assessments ind

Ultimate Uganda

PAU’s decade of growth powers Uganda’s $15 billion oil projects

PAU’s decade of growth powers Uganda’s $15 billion oil projects

ENTEBBE – The Petroleum Authority of Uganda (PAU) is marking ten years of regulating the country’s oil and gas sector, a milestone that Executive Director Earnest Rubondo describes as a decade of steady growth, institutional strengthening and careful stewardship of Uganda’s petroleum resour

Ultimate Uganda

Africa’s petrol shock map: Shs 100 in Libya, Shs 5,000 in Uganda

Africa’s petrol shock map: Shs 100 in Libya, Shs 5,000 in Uganda

Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than

Ultimate Uganda

UWA’s Revenue Sharing Standoff: Local Governments’ Accountability Issues Halt Funds for Communities

UWA’s Revenue Sharing Standoff: Local Governments’ Accountability Issues Halt Funds for Communities

The Uganda Wildlife Authority (UWA) has revealed that Queen Elizabeth National Park in Western Uganda is currently is stuck with One Billion, Five Hundred Million Shillings (Shs 1.5Bn) due to local governments’ failure to account for funds allocated during the financial year 2023/2024.Ea

Ultimate Uganda

All about Czech National Bank’s first $1M crypto purchase

All about Czech National Bank’s first $1M crypto purchase

CNB Governor Aleš Michl aims to explore Bitcoin’s role in reserve diversification through testing.Czech National Bank crypto betKey takeawaysWhy did the Czech National Bank invest in crypto assets? The CNB launched a $1 million pilot to gain hands-on experience with

Ultimate Uganda

Trump to host his first summit with Central Asian leaders

Trump to host his first summit with Central Asian leaders

US President Donald Trump will host all five Central Asian leaders in Washington on Thursday for the first time, a few months after they held separate summits with Russia’s Vladimir Putin and China’s Xi Jinping.The West has upped its interest with the resource-rich region, where Moscow

Ultimate Uganda