President Yoweri Museveni last year launched spudding of oil wells at Kingfisher oil project operated by CNOOC in Kikuube District The Government of Uganda has revealed that negotiations for the financing and construction of the country’s USD 4 billion (Shs15.26 trillion) domestic refinery began this month after Alpha MBM Investments
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The Energy and Mineral Development Minister, Ruth Nankabirwa addressing Journalists at Amber House on Tuesday Uganda has kicked off consultations with Tanzania to allow the Uganda National Oil Company to market and handle fuel imports. The latest move comes after declined to issue Uganda National Oil Corporation (UNOC) a license
Read MoreActionAid International is urging countries including Uganda to impose taxes on surplus profits earned by fossil and the banking sectors. ActionAid International says a surplus profit technically known as a Windfall profit tax could generate as much as US$382 billion in revenue, an amount that could be spent on public
Read MorePresident of Dangote Group, Alhaji Aliko Dangote, Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National
Read MoreUgandan insurers are slowly making inroads in taking up risks in the oil and gas sector despite the challenge. By the end of 2023, Ugandan insurers were operating in the Tilenga, Kingfisher, and East African Crude Oil pipeline projects though there was an indication of challenges with getting bigger foreign
Read MoreFormer Benin PM Lionel Zinsou Lionel Zinsou, a former Prime Minister of Benin, is set to undertake the evaluation of the land compensation processes carried out by TotalEnergies EP in Uganda and Tanzania. The land acquisition was meant to pave the way for the development of the Tilenga oil and
Read MoreBoda boda operators queue as they await their turn to be served by an attendant at a petrol station in Uganda’s capital Kampala, on January 18, 2022. FILE PHOTO | AFP Kenya is lobbying Uganda to continue using the port of Mombasa to import fuel when the neighbouring country starts
Read MoreThe value of foreign direct Investments (FDI) into Uganda grew by almost 80 percent in 2022, the bulk of the money going into oil and gas and related activities, this is according to the latest joint government report. The survey conducted by the Bank of Uganda, Uganda Investment Authority, and
Read MoreBy Ali Ssekatawa The curtains have fallen on COP28 Climate Summit, leaving in its wake a mixed bag of accomplishments and unmet aspirations. Over two weeks of intense negotiations in Dubai, representatives from nearly 200 nations converged, culminating in an agreement heralding a pivotal step toward a fair, orderly and
Read MoreConstruction work underway at Kabalega International Airport/Business Focus photo The completion of Kabalega International Airport in Hoima district, has suffered delays, pushing the handover to February next year. The contractor, a joint venture of Israeli-British firms, Shikun & Binui International-SBI/Colas Limited, had initially planned to officially hand over the airport
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