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TodayTuesday, April 28, 2026

Ministry of Energy and Mineral Development

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
A photo of collage of Bank of Uganda Governor, Michael Atingi-Ego, Agnes Alaba- Commissioner, Mines Department, and Eng. Irene Pauline Batebe- Permanent Secretary, Ministry of Energy and Mineral Development.

Tight Rules, Big Money: Energy Ministry Restricts Gold Trade to Licensed Operators as Central Bank Enters a UGX 20 Trillion Market 

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 domestic gold
December 19, 2025
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Peninah Aheebwa, Director Economic and National Content Monitoring, at the Petroleum Authority of Uganda

UGANDA’S 100 OIL AND GAS LEADERS: Peninah Aheebwa, Director Economic and National Content Monitoring, Petroleum Authority of Uganda

As the Director of Economic, and National Content Monitoring, Petroleum Authority of Uganda (PAU), Peninah Aheebwa is responsible for ensuring cost-efficient oil and gas operations in the country, the economic feasibility of
July 23, 2025
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