Petroleum Fund Drops to Shs131.27 Bn After Transfers to Budget, UNOC
KAMPALA — Uganda’s Petroleum Fund declined to Shs131.27 billion as of June 30, 2025, down from Shs145.98 billion the previous financial year, following statutory tran...
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Simon Mungudit: Makerere’s Best Performing Male Science Student and Rising Star in Petroleum Geoscience
Simon Mungudit has emerged as the best performing male student in the Sciences at Makerere University and is set to graduate during the University’s 76th Graduation Cer...
Uganda signs $2bn deal to boost oil infrastructure
Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’...
Uganda: Just 41 MPs Approve Shs9tn Loan Blitz
In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan reques...
Uganda Moves to Buy Stake in Kenya Oil Pipeline
KPC operates more than 1,700 km (1,056 miles) of petroleum pipelines linking the port of Mombasa to Nairobi, western Kenya and onward to Uganda. The system currently hand...
Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects
“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loa...
Road to Uganda’s first oil: Kingfisher likely to be starting point
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipe...
Why Uganda’s oil refinery remains behind schedule
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.De...
Africa CDC Maintains Mpox Emergency Status as Cases Surge Across the Continent
The Africa Centres for Disease Control and Prevention (Africa CDC) has announced the continuation of mpox as a Public Health Emergency of Continental Security (PHECS), fo...
Government projects uniform fuel prices by December
Government has said it expects fuel prices to be uniform or have slight variances in about three months, a key discussion point since government took over as the sole imp...