Dangote breaks ground on $16bn Lamu refinery
Nigerian billionaire Aliko Dangote and Kenyan President William Ruto have broken ground on a $16 billion (about Shs60 trillion) oil refinery in Lamu, Kenya, in a project expected to become East Africa’s largest industrial investment by processing capacity. The refinery, which is expected to be completed by 2030, will have
Lake Victoria fuel transport: Why Mahathi matters to Uganda and East Africa
The $300 million Mahathi Infra Uganda Limited petroleum transportation and storage project on Lake Victoria should be viewed as more than a private commercial investment. It is emerging as a strategic regional infrastructure project with implications for Uganda’s energy security, Kenya’s Kisumu Port and the wider East African transport network.
Uganda steps up push to turn mineral wealth into industrial growth
As Uganda moves to turn its mineral wealth into greater industrial and economic value, dfcu Bank has stepped up support for players across the mining value chain, offering financing, insurance and foreign exchange risk management solutions. The bank says its interventions are targeting some of the key challenges limiting investment
French Ambassador Warns Over Kampala Pollution
French Ambassador to Uganda Virginie Leroy has called for greater investment in cleaner transport, warning that the level of pollution in Kampala is a major concern. Leroy made the remarks on Monday during the opening of a new RUBiS Energy Uganda fuel station in Kulambiro, Kampala, where the company also
Uganda shares oil quality model with Tanzania
Uganda is sharing its oil and gas quality assurance framework with Tanzania as the neighbouring country moves to strengthen standards governing equipment and services used in petroleum operations. The Petroleum Authority of Uganda (PAU), together with the Uganda National Bureau of Standards (UNBS), is hosting a delegation from Tanzania comprising
EACOP hits 91% completion as pipeline welding nears finish
The East African Crude Oil Pipeline (EACOP) project has reached 91 per cent overall completion, slightly below the planned 94 per cent, with officials confirming that welding of the entire pipeline is largely complete. EACOP deputy managing director John Bosco Habumugisha said progress had been affected by external factors, including
Activists demand halt to Uganda–DRC oil expansion over transparency concerns
Civil society coalitions Notre Terre Sans Pétrole (NTSP) and Stop EACOP have called on the governments of Uganda and the Democratic Republic of Congo (DRC) to suspend plans for transboundary oil expansion in the Albertine Graben, citing lack of transparency and potential environmental risks. The groups say ongoing discussions between
US, Iran Sign Landmark Truce Deal, Paving Way for Sanctions Relief and $300 Billion Reconstruction Plan
The United States and Iran have signed a landmark Memorandum of Understanding (MoU) aimed at ending months of hostilities and laying the foundation for a comprehensive peace agreement, in what analysts are describing as the most significant diplomatic breakthrough between the two nations in decades. The agreement, which entered into
Chamber of Mines Rally Stakeholders to Unlock Uganda’s Mining Wealth
Uganda’s mining sector may be sitting on immense untapped wealth, but stakeholders say turning that potential into real economic gains will require urgent reforms, stronger institutions, and decisive action. This was the central message at a high-level policy roundtable convened by the Uganda Chamber of Energy and Minerals (UCEM) at
Global oil supply squeeze deepens as markets fluctuate amid Strait of Hormuz disruption, IMF warns of mounting risks
Global energy markets are under renewed strain after the International Monetary Fund (IMF), alongside the International Energy Agency (IEA), World Bank Group and World Trade Organization (WTO), warned that oil inventories are being depleted at a record pace following major supply disruptions linked to the Strait of Hormuz. In a
