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TodayMonday, April 27, 2026

Uganda National Oil Company

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
UNOC Chief Operating Officer Samantha Muhwezi addresses suppliers during a QHSSE Supplier Development Workshop in Kampala, emphasizing the need for stronger safety and environmental standards as Uganda’s oil and gas sector advances toward production.

UNOC Calls for Stronger QHSSE Standards as Sector advances to Oil Production

The Uganda National Oil Company (UNOC) today held a Supplier Development Workshop on Quality, Health, Safety, Security and Environmental (QHSSE) requirements at Kabira Country Club in Kampala, bringing together suppliers and service
March 26, 2026
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With only a few days’ fuel in reserve, limited storage leaves Uganda exposed to shipment delays, regional disruptions, and sudden price shocks, turning minor supply hiccups into national energy crises.
With only a few days’ fuel in reserve, limited storage leaves Uganda exposed to shipment delays, regional disruptions, and sudden price shocks, turning minor supply hiccups into national energy crises.

How Storage Gaps Continue to Threaten Uganda’s Fuel Security

Fuel supply is working better than it used to, but only just, according to data from the Office of the Auditor General. The numbers suggest progress, yet they also reveal how
February 3, 2026
Kasuruban is an expensive step that could cement Uganda’s sovereignty in the upstream, or expose taxpayers to risks they never bargained for.
Kasuruban is an expensive step that could cement Uganda’s sovereignty in the upstream, or expose taxpayers to risks they never bargained for.

The Dilemma that UNOC Finds Itself in to Develop the Kasuruban Oil Block

Uganda’s oil ambitions face a critical stress test at the Kasuruban oil block. By handing it to Uganda National Oil Company (UNOC), government signaled that national control must sit at the heart
August 29, 2025
A photo collage of top Directors of Uganda's major public corporations and state enterprises. First row from top left: UETCL CEO Joshua Karamagi, Civil Aviation Authority Director General Fred Bamwesigye, UEDCL CEO Eng. Harrison Mutikanga. Second row from left: UNOC CEO Proscovia Nabbanja, NEC Luwero Enterprises CEO Lt. Gen. James Mugira, Uganda Railways Acting MD Musoke David Bulega. Bottom left: Uganda Airlines CEO Jennifer Bamuturaki, UEDCL M.D Paul Mwesigwa and Uganda Printing and Publishing Corporation CEO Prof.Sudi Nangoli.

Auditor General reveals most profitable and loss-making gov’t agencies

The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year (FY) ending
January 17, 2025
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