Experts call for system to mitigate oil activity risks

Environment, oil, and gas experts have called on the Government to come up with tough measures to mitigate the prospective risks involved in oil production, as Uganda gears up for its first oil in 2025. (Photo by Nicholas Oneal)They argue that an Envir…

Annual oil and gas revenue projected at sh7 trillion

Uganda is to earn about $2b (sh7 trillion) in revenues from the oil and gas sector when oil production starts in the next three years.The revenues will come from the production sharing agreements signed with the oil companies for producing oil in the K…

Uganda Shilling seen range-bound on Thursday

The Uganda shilling remained range-bound ahead of the festive period as inflows ably balanced the pockets of corporate demand for dollars that came through the market, traders said.The local unit traded within the 3515/3525 levels per dollar during the…

Absa’s net profit after tax grows to sh110b for year 2021

Absa’s net profits after tax nearly tripled for the year ended December 2021 to sh110b, representing a 169% growth in profitability from the previous year. Absa posted sh40b in net profits in 2020. The nearly triple-digit growth was anchored on the red…

Uganda shilling appreciates slightly on Tuesday

The Uganda shilling continued to strengthen against the dollar during Tuesday’s session as dollar inflows remained healthy ahead of the Easter festivities, traders said. The unit closed the trading session at highs of 3515/3525 from opening levels of 3…

Turkey to establish industrial park, trade centre in Nakasongola

Turkey is set to establish an Industrial Park and Trade Centre in Nakasongola Uganda, the first of its kind in East Africa.According to the state minister for investment, Evelyn Anite, the launch of the centre will be part of the activities to mark the…

Uganda Shilling steady on continued dollar supply

KAMPALA – The Uganda shilling opened the week on a strong footing as dollar supply continues to surpass market demand, traders said.The local unit opened Monday’s trading week at the 3540/3550 levels and continued to strengthen to close the day at the …

itel launches P17 and P17 Pro in partnership with MTN Uganda.

Tuesday 5th April 2022- Kampala, Uganda: itel and MTN Uganda have jointly launched the itel P17 series today following the recently launched partnership between the two companies.The itel P17 and P17 Pro are the latest addition to the itel range of sma…

UBTEB hosts TEVETA Malawi

UBTEB is pleased to host the Technical staff and Board members of TEVETA Malawi from 3rd-10 April 2022. A delegation of six people arrived on 3rd April 2022 on a benchmarking visit to Uganda on issues of TVET delivery, Assessment and regulation.Among t…

Shilling continues to gain in Tuesday’s session

The Uganda shilling continued to strengthen during Tuesday’s session as demand for hard currency remained limited with continued healthy inflows during a quiet session of trading, traders said.The local unit closed the day’s trading at the 3540/3550 le…