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TodaySunday, May 03, 2026

East African crude oil pipeline

Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, argues that the bank must champion a pragmatic path for Uganda’s oil journey, balancing economic growth with a just energy transition. He underscores the role of finance in transforming natural resources into lasting national prosperity while preparing the country for a sustainable, inclusive energy future.
Mumba Kalifungwa, Chief Executive of Stanbic Bank Uganda, argues that the bank must champion a pragmatic path for Uganda’s oil journey, balancing economic growth with a just energy transition. He underscores the role of finance in transforming natural resources into lasting national prosperity while preparing the country for a sustainable, inclusive energy future.

Turning Oil into Opportunity: Stanbic Bank’s Role in Uganda’s First Oil Journey

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
April 25, 2026
Kenya's President William Ruto and Uganda's President Yoweri Kaguta Museveni jointly address the inaugural Africa We Build Summit in Nairobi on Thursday, April 23rd.

Kenya Ready to Invest in Uganda Oil Refinery, President Ruto Says

Kenya is prepared to invest in Uganda’s oil refinery project as part of a broader strategy to deepen regional energy cooperation and unlock shared economic potential, President William Ruto has said. Speaking
April 23, 2026
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Aaliyah Sekatawa is the Managing Director of Rockstone Management Company, an investment holding and management services firm. She says that entrepreneurship should never be an alternative after failing.

Entrepreneurship Is Not a Hustle: Ugandan Investment Executive Aaliyah Sekatawa on Building Disciplined Businesses in Africa

Entrepreneurship, according to Aaliyah Sekatawa, is not a lifestyle trend but a discipline that demands structure, intention, and long-term thinking. As Managing Director of Rockstone Management Company, an investment holding and strategic
March 5, 2026
Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.
Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.

South Africa’s capital is moving north-east, and East Africa is increasingly the preferred landing strip

South African capital, long dominant in Southern Africa and deeply embedded across the continent, is now moving decisively north-east. Kenya, Uganda, Tanzania, and Rwanda are no longer peripheral growth outposts. They are
February 13, 2026
Uganda has increased its recoverable oil resources to 1.65 billion barrels, strengthening confidence in ongoing oilfield developments and reinforcing the country’s readiness for First Oil as major projects near completion.
Uganda has increased its recoverable oil resources to 1.65 billion barrels, strengthening confidence in ongoing oilfield developments and reinforcing the country’s readiness for First Oil as major projects near completion.

Uganda Raises Recoverable Oil to 1.65 Billion Barrels

Uganda’s petroleum sector has recorded a major milestone with new assessments showing a rise in recoverable oil resources from 1.4 billion to 1.65 billion barrels. The announcement was made by Ernest Rubondo,
November 20, 2025
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