Global tensions squeeze Ugandan economy as fuel, fertilizer prices rise
As the United States and Iran pursue diplomatic efforts to ease tensions in the Middle East, economists are warning that the conflict is already creating economic strain across the world, including in Uganda, through rising fuel prices and disruptions in global supply chains. Speaking during a recent webinar organised by
Uganda shields fuel supply from global shocks, expands storage capacity
Uganda has maintained stable fuel supplies despite ongoing turbulence in global oil markets, with government moving to strengthen strategic reserves and diversify import sources. Speaking at the Uganda Media Centre on Friday, Permanent Secretary in the Ministry of Energy and Mineral Development, Eng. Irene Pauline Bateebe, said the country continues
Museveni Backs Dangote Refinery Plan, Signals Uganda’s Stake in Regional Energy Power Shift
President Yoweri Kaguta Museveni has signaled Uganda’s readiness to invest in a proposed multi-billion-dollar regional oil refinery spearheaded by Nigerian industrialist Aliko Dangote, in what analysts see as a calculated push to position Uganda at the center of East Africa’s evolving energy landscape. “We shall support Mr. Dangote, and we
Uganda’s Oil Sector Poised for Growth as First Oil Nears
Uganda’s journey towards first oil production is gaining momentum, with key industry players rallying behind efforts to ensure the country maximises value from its petroleum resources. This was the central message at the 11th Oil and Gas Convention 2026, currently underway at Speke Resort Convention Centre in Munyonyo, where government
Govt Dismisses Fuel Shortage Fears, Cites Strong Reserves
The Government has assured Ugandans that the country’s fuel supply remains stable, dismissing fears of a potential shortage and urging the public to stay calm. The Ministry of Energy and Mineral Development and the Uganda National Oil Company (UNOC) said Uganda’s petroleum supply chain is “stable, sufficient and well-managed,” backed
Activists Urge Museveni to Honour Promises to Fishing Communities Affected by Oil Project
Civil society organisations have called on Yoweri Museveni to urgently fulfil his commitments to fishing communities affected by oil developments along Lake Albert, warning that delays risk worsening human rights violations and eroding public trust. In a joint statement, the Environmental Governance Institute Uganda and Climate Rights International said the
Government Moves to Calm Fuel Fears Amid Middle East Tensions
The Government has stepped in to reassure the public that Uganda’s fuel supply remains steady, even as escalating tensions in the Middle East continue to rattle global oil markets. In a joint statement released on March 30, the Ministry of Energy and Mineral Development and the Uganda National Oil Company
KCB Bank Positions Local Contractors for Uganda’s Oil & Gas Windfall
As Uganda edges closer to a multibillion-dollar oil and gas boom, KCB Bank Uganda is moving to ensure local contractors are not left watching from the sidelines, but actively competing for a share of the lucrative deals. At a high-level CEO forum hosted by the Uganda National Association of Building
Global Energy Crisis Deepens Beyond 1970s Oil Shocks, IEA Chief Warns
The world is grappling with an energy crisis more severe than the oil shocks of the 1970s, the head of the International Energy Agency has warned, as mounting supply disruptions rattle global markets and raise fears of economic fallout. IEA Executive Director Fatih Birol described the situation as “very severe,”
Asia Turns to Fuel Rationing as Hormuz Disruptions Tighten Supply
Asian economies are beginning to feel the squeeze from disruptions in the Strait of Hormuz, with several countries rolling out fuel-saving measures as global oil supplies come under strain. The unfolding crisis driven by rising tensions in the Middle East involving Iran has slowed tanker traffic through one of the
