Tag Archives: Oil

By Mulengera Reporters As Uganda prepares for the start of commercial oil production and a new wave of investment-led growth, Equity Bank Uganda has expanded its balance sheet to UGX 3.8 trillion, positioning itself to support businesses and households expected to drive the country’s next phase of economic transformation. The lender recorded strong growth in the first quarter of 2026, …

President Museveni Backs Regional Oil Refinery Initiative – The Voice Uganda HomeBusinessPresident Museveni Backs Regional Oil Refinery Initiative , https://voiceuganda.com/2026/05/17/president-museveni-backs-regional-oil-refinery-initiative/

Viewers: 50,002 By Spy Uganda  President Yoweri Kaguta Museveni has revealed that Uganda is ready to support the establishment of a major East African regional oil refinery following high-level discussions with African business magnate Aliko Dangote at Nakasero State Lodge. In a statement shared on his official social media platforms, President Museveni said the meeting focused on plans for …

Oil and gas stakeholders have been urged to deliberately transform skills developed in the petroleum sector into a foundation for broader national industrial growth and economic transformation. As Uganda’s oil and gas industry moves closer to the production phase, questions have continued to emerge over why the country is still investing heavily in skilling Ugandans in petroleum-related disciplines. In 2014, …

Viewers: 50,001 By Ali Lukyamuzi The escalating tensions between the United States and Iran have once again shaken global energy markets, sending oil prices upward and exposing the fragility of fuel-dependent economies around the world. Yet nowhere is this contradiction more painful and ironic than in Africa a continent blessed with vast oil reserves but still struggling to provide …

Kampala, Uganda — Uganda is sharpening its focus on economic diplomacy, regional integration, and industrial expansion as momentum builds toward First Oil, with policymakers and industry leaders converging around a shared objective: ensuring that petroleum development catalyzes broad-based economic transformation. Deliberations at a high-level oil and gas symposium, held on the margins of the 11th Oil and Gas Convention, reflected …

Kampala, Uganda — Uganda is intensifying its economic diplomacy efforts as its diplomatic missions abroad move to strengthen partnerships with private sector actors in support of the country’s fast-evolving oil and gas industry. This strategic push formed the centerpiece of a high-level engagement held on the sidelines of the 11th Oil and Gas Convention, bringing together envoys, policymakers, and industry …

Kingfisher oil well As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of profound contradiction in the global energy narrative. On one hand, the world is accelerating toward a low-carbon future, with growing consensus around the need to scale renewable energy. On the other, recent geopolitical shocks, including tensions in the Middle East, have …

KAMPALA, Uganda — A trade group representing Uganda’s oil marketers on Sunday denied accusations that its members are hoarding fuel, fixing prices or smuggling supplies across borders. The Sustainable Energies and Petroleum Association of Uganda, known as SEPA Uganda, addresses public claims that companies are capitalizing on geopolitical instability to exploit consumers. “The downstream petroleum sector in Uganda operates within …

Viewers: 50,021 By Spy Uganda  East African nations including Kenya, Tanzania, and Uganda are engaged in discussions to establish a joint oil refinery, a bold regional initiative aimed at reducing dependence on imported fuel and strengthening energy security. The proposed project, which is still under negotiation, reflects a growing recognition among regional governments of the need to collaborate in …