Energy & Mining
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COP28: Africa could lose US$ 25bln per year as new EU carbon tax comes into effect, warns AfDB President
DUBAI, December 7, 2023 – African Development Bank [AfDB] President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalising…
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Electricity: Energy Ministry seeks Shs 128bln to connect homes
KAMPALA, December 6, 2023 – The Ministry of Energy and Minerals Development is seeking a supplementary budget of Shs 128 billion in the current financial year to connect 200,000 households across the…
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MPs urge govt to cut tax on cooking gas
KAMPALA, November 2023 – Legislators have asked for a revision of the import tax on cooking gas if government is to succeed in combating deforestation and charcoal burning in Uganda. Legislators said…
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Uganda’s September 2023 export earnings post 5.6 percent decline
KAMPALA, November 24, 2023 – According to the Ministry of Finance, Uganda shipped exports worth US$ 632.06 million in September 2023, a 5.6 percent decline when compared to US$ 669.88mln exported in…
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Bill granting UNOC monopoly over oil supply now awaits Museveni’s signature
KAMPALA, November 15, 2023 – Parliament has passed the Petroleum Supply (Amendment), Bill 2023, giving the Uganda National Oil Company [ UNOC ] the monopoly to import and supply all petroleum products…
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Uganda is losing so much by buying petroleum products through middlemen in Kenya
KAMPALA, November 6, 2023 – Fellow Ugandans and, especially, the Bazzukulu. Greetings. I have a number of issues to share with you. Let me start with the kuseerwa (being over-charged) for the…
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World Bank: Conflict in Middle East could bring ‘dual shock’ to global commodity markets
WASHINGTON, October 30, 2023 – Although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the…
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Uganda on track to produce first oil by 2025
KAMPALA, October 26, 2023 – The Government of Uganda is on track to ensure that the first drop of oil is produced by the end of 2025, according to Ruth Nankabirwa Ssentamu,…
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Uganda’s exports rose 17.6 percent in August
KAMPALA, October 17, 2023 – Uganda’s exports in August 2023 fetched the country US$ 669.88 million, an increase of 17.6 percent from US$ 569.78mln earned in the month earlier, the Ministry of…
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TECNO Mobile is latest official sponsor of TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023
CAIRO, September 22, 2023 – The Confederation of African Football [CAF] and global technology company TECNO Mobile have concluded an Agreement in terms of which TECNO Mobile becomes one of the Official…
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