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President Museveni Launches 70 million Litre Fuel Storage Facility on Lake Victoria to Boost Uganda’s Fuel Security

President Museveni yesterday 18th July 2024 inaugurated a 70 million litre fuel storage facility on Lake Victoria in Bugiri-Bukasa, Wakiso district. Owned by Lake Victoria Logistics, this facility, with 14 tanks, aims to enhance Uganda’s fuel security and reduce transportation costs by utilizing water transport from Kisumu, Kenya President Museveni officially launching the Lae Victoria […]

Uganda Airlines Expands Network with New Routes to Abuja, Lusaka, and Harare

Uganda Airlines is set to launch new routes to Abuja, Lusaka, and Harare in September 2024, marking a significant expansion of its network. The service to Abuja will start on September 12, followed by Lusaka and Harare on September 25th 2024. The Airline is thrilled to announce a significant milestone: the triple launch of routes […]

Qatar Airways Boosts Flight Frequency to Entebbe to Meet Summer Demand

Qatar Airways is increasing its flight frequency between Doha and Entebbe, Uganda, from 1st August to 30th September,2024 raising the number of weekly flights from 7 to 11 to accommodate summer demand. This enhancement is part of the airline’s strategy to expand connectivity across Africa, with aims to foster stronger economic, business, and cultural ties. […]

PAU and Ministry of Foreign Affairs Collaborate on Transboundary Oil Spill Preparedness

Ambassador Richard Kabonero of Ministry of Foreign Affairs met with Dr. Joseph Kabusheshe of the Petroleum Authority of Uganda to enhance international collaboration on oil spill preparedness. The meeting emphasized the need for a comprehensive national oil spill contingency plan and regional cooperation, concluding with an agreement to establish a dedicated committee for strategic dialogue […]

Uganda Receives First Direct Oil Consignment from Refinery

Uganda has received its first direct oil consignment from a refinery, with a vessel carrying 58,000 metric tons of petrol arriving at Mombasa, Kenya. This milestone follows a 2024 agreement between Uganda and Kenya on the importation and transit of petroleum products. Uganda has received its first oil consignment imported directly from the refinery by […]

MTN MoMo Launches Zimba Business with MoMo Campaign to Empower SMEs in Uganda

MTN MoMo is proud to announce the launch of the “Zimba Business with MoMo” campaign, a strategic initiative designed to empower small and medium-sized enterprises across Uganda. Jemima Kariuki, MTN MoMo’s Chief Product Officer at the katogo breakfast meeting with traders at Nakawa market MTN MoMo is pleased to declare the opening of the “Zimba […]

Ramathan Ggoobi Urges Accountants to Support Formalization of Informal Sector

Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, called on professional accountants to help businesses in the informal sector formalize, highlighting its 53% contribution to Uganda’s GDP. The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi has asked Professional Accountants to support businesses in the informal sector to formalise. According to Ggoobi, despite […]

EACOP Project Progresses with Key Pump Station Construction

The East African Crude Oil Pipeline project, crucial for oil production in the Albertine Graben, is advancing with the construction of two pump stations. The project, led by Uganda and Tanzania in partnership with Total Energies and CNOOC, aims for Uganda’s first oil extraction by 2025. Construction of the East African Crude Oil Pipeline (EACOP), […]

URA Targets UGX 31.98 trillion in Revenue Collection for 2024/25

Uganda Revenue Authority aims to achieve a revenue target of UGX 31.98 trillion for the 2024/25 financial year. At the East African Community post-Budget Dialogue, URA Commissioner Catherine Donovan acknowledged the challenge but expressed confidence in URA’s ability to meet the target through improved tax administration, broadening the tax base, and enhancing compliance. The Uganda […]