Bujagali Energy Limited hailed for maintaining operational standards
The Electricity Regulatory Authority (ERA) has commended Bujagali Energy Limited (BEL) in Buikwe district for upholding high operational standards and growth in the energ...
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Emergency oil drills conducted as readiness hits 99%
Uganda is edging closer to its first commercial oil production, with sector readiness now at 99 per cent following a high-stakes emergency drill conducted by China Nation...
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 th...
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 acceler...
Ugandans go for African contracts as first oil drop nears
The industry has put the completion level of the export pipeline at close to 90 percent today, while pre-commissioning and commissioning testing phase (including hydro te...
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 Ph...
BRAVO to President Museveni, Uganda is on track to start exporting refined petroleum
Uganda is taking the lead in Sub Sahara Africa as one of the best growing economies and investment destination, this was published by the International Monitory Fund (IMF...
Fuel Levy Approved: MPs Clear UGX200 Tax Despite Public Outcry, Opposition Warns Of Economic Pain
Parliament has approved Government’s proposal to impose a UGX200 excise levy on every litre of fuel, a move expected to generate about UGX450 billion in additional...
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 expe...
Bank of Uganda launches three-year pilot to buy domestic gold for reserves
The Bank of Uganda has started buying gold mined in the country and will add it to the official foreign exchange reserves, shifting part of the national safety net from d...