Browsing: ministry of Energy

Uganda’s economy is on the rise, with 6.1% GDP growth in FY2023/24 and inflation dropping to 3.2%, according to the World Bank’s 24th Economic Update. The country’s oil production, set to begin in FY2025/26, is expected to drive GDP growth to 10.8%, generating $3.3 billion annually by 2030. However, Uganda faces critical fiscal and trade challenges, including a 7.9% current account deficit, declining foreign reserves, and risks associated with oil revenue management. Will Uganda’s economic policies steer the nation toward sustainable growth, or will external financial pressures derail progress?

Minister Announces Lower End-User Tariffs for 2024 KAMPALA – In a briefing held at the Uganda Media Centre on January…

It is anticipated that the refinery will have a production capacity of 60,000 barrels per day, significantly enhancing Uganda’s self-reliance in the oil sector

KAMPALA – Uganda and South Sudan have taken a significant step toward enhancing power trade and fostering socio-economic development with…

OUR REPORTER KAMPALA—A gold rush may be on in the districts of Buhweju, Mubende, Namayingo, Karamoja, and Zombo. New gold…