Tag Archives: oil

As Uganda celebrates 63 years of independence, attention turns to how the country has navigated its economic journey and positioned itself within East Africa’s integration and global economic agenda. The Independent’s Julius Businge spoke to Julius Kapwepwe Mishambi, a member of the East African Budget Network (EABN) – a professionals’ …

  COMMENT | NANTEZA SARAH KYOBE | A significant number of Ugandans hold the view that the benefits of oil start with the extraction of the first barrel, primarily highlighting a reduction in fuel prices at gas stations. This perspective prompts the inquiry into the commencement of initial oil production while …

ADEN, Yemen | Xinhua | Yemen’s Houthi group has recently announced sanctions on some of the United States’ largest oil companies, senior executives, and crude carriers. The decision has raised concerns over maritime security and stability in the Red Sea, one of the world’s most vital shipping corridors, as well …

    Could adoption of continental mining vision propel country’s development agenda? Kampala, Uganda | RONALD MUSOKE | It is an open secret that Uganda sits on a geological treasure map. From gold-rich belts in the country’s northeastern province of Karamoja to deposits of critical transition minerals now prized by global clean-energy …

The East African country is developing oilfields around Lake Albert in partnership with TotalEnergies and China’s CNOOC, with commercial output expected next year Kampala, Uganda | JULIUS BUSINGE | On Sep 16, TotalEnergies EP Uganda launched its 2025 Social Report, highlighting jobs, community projects and environmental safeguards in its Tilenga …

“Uganda’s oil and gas story is still being written. But it cannot be told in full without recognising the leadership that turned forgotten potential into an opportunity for generations.” COMMENT | DR FRED KABAGAMBE-KALIISA |  Veteran Ugandan journalist Tonny Owana recently shared a 1980 article by Ilakut Ben Bella, first …

  World Bank report says climate shocks could cut GDP growth by up to 3.1% unless urgent adaptation measures are taken COVER STORY | RONALD MUSOKE | Uganda has set its economic development ambitions quite high. The country’s Vision 2040 blueprint lays out a bold goal: becoming an upper middle-income country …

Buliisa, Uganda | Xinhua | An 80-meter-long mural depicting Uganda’s national bird, the crested crane, alongside a Chinese dragon symbolizing harmony, stood as the centerpiece of a cultural gala recently held in Kasinyi Village, a remote community in western Uganda’s Buliisa District. The event, organized by Chinese oil company Sinopec, …

  Value retention is not just about contracts, it is about skills, jobs, and enterprise growth. More than 17,000 direct jobs have been created, alongside 39,567 indirect jobs. COMMENT | YUSUF MASABA | Uganda’s oil and gas story is often told through the lens of barrels, pipelines, and global energy …

Kampala, Uganda | THE INDEPENDENT | Tax experts have voiced concerns about the government’s failure to significantly increase domestic revenue mobilisation levels amid dwindling external assistance sources. Uganda’s domestic revenues have remained at around 13 percent of the economy’s value for years despite government efforts to increase the ratio to …