CNOOC’s rig drilling an oil well. The land rig is soundproof and has capacity to drill 8 kilometers below the ground CNOOC Uganda Ltd, the operator of the Kingfisher Development Project (KFDA), has intensified oil drilling in order to realize first oil in 2025. The drilling of development wells commenced
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Nabbanja Officially Opens Aviation Expo At Entebbe, Urges Ugandans To Embrace It & Explore Opportunities In The Industry
Nabbanja in a group photo with organizers of the aviation expo Uganda’s Prime Minister, Robinah Nabbanja, Thursday officially opened a three-day Uganda Aviation Expo at Entebbe International Airport. Running under the theme ‘Come and Learn about Aviation’, the expo will be concluded on June24, 2023. Nabbanja urged Ugandans to take
Read MoreShs1.2 Trillion Kabalega International Airport To Start Operations In October, Set To Intensify Oil & Gas Investments, Activities
Kabalega International Airport is nearing completion Kabalega International Airport, Uganda’s second international airport after Entebbe, will be ready to start air cargo operations by October 2023, the contractor has said. Located in Kabalega Industrial Park in Hoima district, the airport will be used to airlift the equipment that will be
Read MoreMusinguzi ‘Confident’ Of Hitting Shs29.7 Trillion Revenue Target In 2023/24 As URA Focuses On Growing Tax Register To Nine Million
The Uganda Revenue Authority (URA) Commissioner General, John R. Musinguzi (pictured), says the tax body is confident of hitting the revenue collection target of Shs29.7 trillion in Financial Year 2023/24. Last week, the Minister of Finance, Matia Kasaija unveiled a Shs52.7 Trillion national budget out of which Shs29.7 Trillion is
Read More‘Uganda Airlines Has Made Pilgrimage To Mecca Easier For Muslims’, Says Katumba Wamala As National Carrier Plans Regular Flights To Saudi Arabia
Minister of Works and Transport, Katumba Wamala officially flagged off Muslim Pilgrims to Mecca today The Minister of Works and Transport, Gen. Edward Katumba Wamala, has described Uganda Airlines flight to Mecca in 40 years as a big landmark, saying the direct flights will benefit the Muslim Community. “The Muslim
Read MoreGov’t Wowed As Dr. Wambaka’s Master Plan Finally Sets Off Multibillion Source Of The Nile Dev’t Project
Dr. Wambaka explains to stakeholders how the RAP was done Government through the Ministry of Tourism has lauded Ugandan genius Dr. Kosea Wambaka for finally setting the pace for the rollout of the Source of the Nile Development Project (SONDP). According to Daudi Migereko, the Chairman Uganda Tourism Board (UTB),
Read MoreNo More Purchase Of Vehicles For Political Leaders, Public Officers As Kasaija Unveils ‘Tight’ Shs52.7 Trillion 2023/24 Budget
The Minister of Finance, Matia Kasaija (pictured) Thursday afternoon unveiled the national budget for Financial Year 2023/2024 amounting to Shs52.7 trillion. Under the theme ‘Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access’, the 2023/24 budget will see Uganda ‘live within
Read MoreA total of 157,209 passengers passed through Entebbe International Airport in May 2023, an average of 5,071 per day, Uganda Civil Aviation Authority (UCAA), has said. Vianney M. Luggya, the UCAA Spokesman, says this comprised 77,912 departures and 79,297 arrivals. “The May traffic was higher than the April 2023 traffic by
Read MoreEXCLUSIVE: Customer Deposits Grow To Shs31.5 Trillion As Top Banks Revealed
A photomontage of bank Chief Executive Officers and Managing Directors Total customer deposits for Uganda’s banking industry grew to Shs31.53 trillion in 2022, up from Shs28.17 trillion recorded in 2021, an exclusive analysis by Business Focus, reveals. Customer deposits is one of the key performance indicators for banks. They (banks)
Read MoreUganda Hosting The 55th AFRAA Annual General Assembly Is An Indication The Revival Of National Carrier Wasn’t In Vain – Gov’t
The Minister of Works and Transport, Gen. Katumba Wamala (2nd Left) and Uganda Airlines CEO, Jennifer Bamuturaki (2nd Right) at the launch of the 55th African Airlines Association Annual General Assembly. They are flanked by Uganda Airlines cabin crew members The Minister of Works and Transport, Gen. Katumba Wamala, has said Uganda hosting
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