Kampala, Uganda | THE INDEPENDENT | African electric mobility company Spiro has secured a landmark $215 million equity investment to accelerate the expansion of its electric vehicle (EV) and battery-swapping infrastructure across the continent, positioning the company among Africa’s leading clean energy and transport platforms. The funding round attracted support …
Read More »To control fuel prices or not; Which way Uganda?
Kampala, Uganda | URN | Recently, there have been increasing calls on the government of Uganda to intervene directly into the petroleum market including by way of setting caps to control prices products. This comes as fuel prices continue skyrocketing over the last two months in response response global supply …
Read More »Devon Petroleum enter Uganda’s competitive fuel market with expansion plans and retail push
Kampala, Uganda | THE INDEPENDENT | Devon Petroleum SMC LTD has officially entered Uganda’s downstream petroleum sector with the launch of six fuel stations, positioning itself to compete in an increasingly crowded market where oil marketers are racing to expand retail networks, strengthen customer loyalty, and diversify revenue beyond fuel sales. …
Read More »From tankers to gas tanks – Hormuz tensions rattle global energy markets
“This fossil fuel crisis will happen again and again,” said UN Climate Change Executive Secretary Simon Stiell. “Sunlight does not depend on narrow and vulnerable shipping straits. Wind blows without massive taxpayer-funded naval escorts.” LONDON | GAO WENCHENG – Xinhua | As Tuesday marks two months since the United …
Read More »NANKABIRWA: All fuel on sale was procured at old prices
Kampala, Uganda | URN | Minister of Energy and Mineral Development, Ruth Nankabirwa has warned marketing companies abetting fuel scarcity and price hikes, despite Uganda having enough supply for the local market. The Minister says that she has been investigating the causes of the price hikes in the country and …
Read More »UPDF General remanded over theft of 270,000 liters of fuel
Kampala, Uganda | URN | The General Court Martial in Makindye has remanded four Uganda People’s Defence Forces (UPDF) officers over the alleged theft of 270,000 litres of fuel meant for military operations. The accused are Brigadier General James Barigye Ruheesi, Colonel David Ociti Kidega, Major Innocent Kikongi Mugumya, and Captain …
Read More »Electric boda bodas offer lifeline as fuel prices surge amid global tensions
Kampala, Uganda | THE INDEPENDENT | As global fuel prices continue their relentless climb, the urgency for cleaner and more stable energy alternatives has never been clearer. Speaking to reporters in Kampala on April 24, Frank Mawejje, the chairman of Boda Boda Union Association Uganda warned that the rising cost …
Read More »Fuel shortage hits Kampala as motorists scramble for supply
Kampala, Uganda | URN | Motorists across Kampala are scrambling for fuel after a shortage that first hit upcountry stations earlier this week spread to the capital, triggering long queues, price hikes, and growing frustration among transport operators. On Friday, most outlets operated by Shell and TotalEnergies were found without …
Read More »UNOC assures adequate fuel supply amid price fluctuations
KAMPALA, UGANDA | Xinhua | Uganda may continue to experience fluctuations in fuel pump prices due to global oil market dynamics, but the country has sufficient fuel reserves, the state-run Uganda National Oil Company (UNOC) said. In a statement issued on Tuesday, UNOC attributed potential price variations to factors including …
Read More »Kenya’s record fuel hike amid Middle East conflict squeezes livelihoods
NAIROBI, KENYA | Xinhua | At a busy bus stop on the outskirts of Nairobi, the capital of Kenya, commuters wait in long queues as transport fares rise in response to surging fuel prices. “I paid 0.61 dollars this morning instead of the usual 0.38,” said Moses Kalondu, an office …
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