Business

  COMMENT | Yang Dingdu & Li Zhuoqun – Xinhua | China’s announcement of zero-tariff treatment starting May 1 for all the 53 African countries with which it maintains diplomatic ties reaffirms its consistent commitment to opening its vast market to Global South partners. As Chinese President Xi Jinping has …

Kampala, Uganda | URN | Uganda is on course to achieve its long-awaited First Oil by June 2026, President Yoweri Museveni has reaffirmed, describing the milestone as a key launchpad for the country’s industrial transformation. The president’s message was delivered by Energy Minister Ruth Nankabirwa Ssentamu during the closing of the …

Kampala, Uganda | NEWS CORRESPONDENT |  Absa Bank Uganda has launched the Island Escape card campaign as a rewards initiative offering its Personal Prestige and Premier Banking customers the chance to win an all-expenses-paid island getaway for two. Running from May to July 2026, the campaign is open to all Absa …

Buikwe, Uganda | NEWS CORRESPONDENT | As Uganda nears First Oil, Presidential recognition has been conferred on several leading Ugandans, including Ali Ssekatawa, Director of Legal and Corporate Affairs at the Petroleum Authority of Uganda (PAU), President Yoweri Museveni today awarded the Diamond Jubilee Medal to Ssekatawa, Director of Legal and …

OPINION | MUMBA KALIFUNGWA |‎ 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 low-carbon future, with growing consensus around the need to scale renewable energy. ‎ On the other, …

Kampala, Uganda | URN | ‎The oil and gas companies continue to train Ugandans with skills related to the sector even as major construction nears completion. Questions have been raised on whether the skills being imparted now will be required when the country begins to produce oil. Others have asked …

Kampala, Uganda | URN | The newly passed National Petroleum Policy 2025 is ushering in a new regulatory framework for the oil and gas sector as the country prepares to pump its crude oil from the ground. The Policy was launched by the Deputy Speaker of Parliament, Thomas Tayebwa, at …

Kampala, Uganda | URN | Nigerian oil and gas management expert, Abdulmalik Halilu, has urged Uganda to focus more on the post-first oil period, saying that that is where the main challenge could be. Halilu, the General Manager, Research, Statistics and Development of the Nigerian Content Development and Monitoring Board, …

Kampala, Uganda | URN | The Insurance Regulatory Authority (IRA) has instructed general insurers to implement mandatory awareness and sensitization campaigns on workers’ compensation insurance. This directive aims to address widespread non-compliance and ongoing gaps in claims management. ‎‎It also seeks to close the persistent knowledge gaps around requirements and …

Kampala, Uganda | URN | Motorists across the country have raised transport fares for both short and long distances in towns and major cities amid growing concern over rising fuel prices. Fuel costs have steadily climbed in recent weeks following disruptions linked to ongoing conflict between US and Iran, which …