Electricity is the invisible architecture upon which modern societies are built. It powers industry, sustains healthcare systems, enables education, fuels technological advancement, and underwrites national competitiveness. For Uganda, aspiring toward…
The Ministry of Energy and Mineral Development has tightened control over Uganda’s gold trade, unfolding against a backdrop of record-breaking export earnings, a planned entry of the central bank into…
Parliament has approved a proposal authorising the Uganda National Oil Company (UNOC) to borrow up to USD 2 billion (UGX 7.12 trillion) from Vitol Bahrain E.C. (VBA), a global trader…
Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer…
Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion. Woodcross Mining Company Limited and Kilembe Mines…
With over 21 years of experience as a tax practitioner, Ms. Nambi boasts of an extensive understanding of tax laws and regulations as well as practice. Rebecca Proscovia Nambi is a…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Dr. Gerald Banaga-Baingi has been appointed the Chief Executive Officer of the Uganda National Mining Company, and will assume duties effective May1st, 2025. The mining company established under the Mining and Minerals Act, 2022, is a wholly state-owned enterprise mandated to manage Uganda’s commercial interests in the minerals sector. Dr. Banaga-Baingi is an accomplished Resource Economist with extensive experience in the mining, petroleum, and minerals sectors. Previously, he worked with the National Water and Sewerage Corporation as a Data Control Officer under the Kampala Revenue Improvement Project before joining the Ministry of Energy and Mineral Development. Rising through the ranks,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021. The termination came after a series of court cases that had accused Sarrai Group of illegally and fraudulently winning a bid offer in a process – headed by Kenya Commercial Bank (KCB)’s receivership manager P V Rao – that had failed to consider other creditors, consult the Competition Authority of Kenya and explain how Mumias would repay its creditors, among others. Whereas the cases had played out in Kenya, it touched Uganda…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government. Hima Cement which is also based in Kasese District was acquired by Sarrai Group last year at a transaction value of USD 120 million. The investor signed a mineral production sharing agreement on March 3rd with Energy Minister Ruth Nankabirwa, and Finance Minister Matia Kasaija representing government as signatories. Sarrai Group Ltd and Nile Fibreboard Ltd emerged as the best bidders out of the 14 firms that expressed interest. According to Minister Nankabirwa, this…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Uganda National Oil Company (UNOC) was established as a limited liability company under the 2013 Petroleum Act more than 10 years ago. Of course, the oil sector has seen heightened activity in the last five, but at the end of it, UNOC has been the silent pusher, ensuring that Ugandans get the best bargain from a resource they have waited for far too long. Beyond this, UNOC has also sanitised the local oil marketing space occupied by speculators, who had long exaggerated pump prices for a profit. Uganda consumes close to 7 million litres of fuel daily, with more…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Hundreds of innovators/entrepreneurs graced the Uganda-EU Business Insights 2025 held on Thursday, February 13 at Mestil Hotel, Kampala. The event, organized by the European Union (EU) Delegation to Uganda in partnership with the Government of Uganda and Private Sector Foundation Uganda, also brought together industry leaders, and policymakers, to explore innovative solutions in Agricultural Technology and Sustainable Mining. The day-long event that had I&M Bank Uganda as a partner offered business-to-business, business-to-investor, and business-to-government matchmaking platform, connecting European investors with Uganda’s agriculture and mining innovators and entrepreneurs. The activities included panel discussions addressing key challenges and exploring innovative solutions in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda risks losing its trade and investment gains made with the Democratic Republic of Congo after an estimated 100 cargo trucks from Kenya’s Mombasa Port and Uganda remain stranded along the Northern Corridor route over the ongoing war. Goma city, a major export destination for Ugandan products in the eastern DRC turned bloody yesterday as the M23 rebels overran the city and continued to cause havoc forcing Ugandan traders to halt any trade activities until the situation normalises. William Busulwa, the Chairperson Uganda National Transporter Alliance while speaking to the CEO Magazine said out out of the estimated 100 cargo…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Auditor General, Edward Akol, has noted with concern that the Tilenga and KingFisher Development Area oil projects in western Uganda are behind schedule in hitting completion targets, with some activities also facing a funding crisis. The Auditor noted that whereas the Uganda commercial oil production plans had set a target of drilling 451 oil wells, the Field Development Plan (FDP) designated only 177 (approximately 39%) as necessary for the initial phase of oil production targeted for November 2025, and which was later projected to 2027. However by the time of the compiling of the Auditor’s report in November 2024,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
