Kenya Pipeline posts higher profit
The company handled approximately 10.6billion litres of petroleum products during the year. Its pipeline network spans 1,342 kilometres, while active storage capacity stands at approximately 1.14 billion litres.
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BOU to hold emergency meeting as shilling hits 4,240 per dollar
The shilling crossed the 4,000 mark early last week. At the same time, petrol and diesel major fuel distributing companies made changes to their price display boards. Petrol is now selling around sh6,850 to sh6,900 a litre. Diesel is selling between sh6,900 to sh7,180 per litre.
NIC shares up 8% in Tuesday’s session
Bank of Baroda (BOBU) posted the session’s highest volume of 1,560,000 shares and closed down 0.30% at sh99.40. Stanbic Holdings followed with 674,400 shares traded, edging up 0.03 percent to sh112.03.
Euro gold eyes Uganda as regional hub
Uganda’s gold exports have grown threefold, rising from $239.41m in July 2023 to $788.45m in July 2026, cementing gold’s position as the country’s leading foreign exchange earner.
Euro Gold eyes Uganda as regional hub
In April, the Bank of Uganda and Euro Gold entered into a partnership in which the former would purchase locally produced gold.
UCC gives illegal Wi-Fi operators seven days to comply
“The commission has completed its assessment of these illegal operators, and we are now moving to enforcement. Approximately 4,000 unlicensed providers are offering public Wi-Fi services across the country, and this number increases by the day."
Cabinet moves to boost lithium mining for local solar battery production
According to Lumumba, the resolution agreed upon during a cabinet sitting on October 12 seeks to increase local battery production with the aim of reducing the cost of solar-powered water pumping and irrigation on farms and gardens.
Clearing firm manager to face sh200m theft trial in absentia
Chief State Attorney Nelly Asiku from the ODPP told court that several efforts had been made to arrest Nilshil Halai, a former operations manager at Saltrans Limited, but they had not yielded results.
Prime Minister Nabbanja woos Italian investors to Uganda
“We want our people from Italy to take coffee made in Uganda. Not grown in Uganda,” Nabbanja told Ugandan officials and Italian business leaders. She said roasting and packing coffee would create jobs for Uganda’s young population.
Beyond the wallet: Next chapter of digital finance in Uganda
Uganda’s digital financial services journey has reached an important inflection point. Mobile money has evolved from a convenient way to send and receive money into an essential part of how millions of Ugandans pay, save, borrow and run their businesses.
Fuel price: Austerity is about stopping waste
We cannot control world oil prices. Those wars in the Middle East push it up, and we just pay. What we can control is how much fuel we waste, writes Kiryowa Kiwanuka
Museveni courts Nigerian investment in cement, minerals
Nigeria is among the markets Uganda has identified for expanding exports under the African Continental Free Trade Area framework. In 2024, Uganda signed a commitment document with Nigeria, paving the way for exports of products including coffee, tea, milk, fish and pharmaceuticals.
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City Square redevelopment ready to start — Investor
Hassan Bulwadda, who is associated with the redevelopment proposal, said financing for the project has been secured and all preparations are in place for implementation. “The funding for the project has been secured. We have everything in place to undertake this project as soon as we get clearance,” Bulwadda said.
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How German national lost sh5b to gold mafia
After losing over $1.5m (about sh5.7b) to gold scammers who had been introduced to him by Peter Musoke, a senior lawyer and former partner at Shonubi, Musoke & Company Advocates, a German national, Christian Arndt, was allegedly threatened with death and ordered never to come back to Uganda. When he left the country, he was also subjected to a series of arrests by his partners back in Dubai. On September 18, 2026, Arndt landed at Entebbe International Airport, having almost spent two years out of the country.
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‘Refinery will proceed despite Kenya project’
“We are going to build a small refinery in Uganda. We had planned this long ago. We cannot change that. The refinery will produce for Uganda and for the interior parts of Africa,” Museveni said. He added, “I am very happy about this refinery. In Uganda, we have got some petroleum. I discussed this with Dangote, His Excellency Ruto and Samia.”
KCCA demolishes illegal structures in Kololo, Nakasero
The KCCA spokesperson, Daniel NuweAbiine, said that one of the structures pulled down on Thursday, October 1, was located on Baskerville Street in Kololo. He accused the developer of violating planning and building approval.
TIN-NIN transition to ease business registration
Elizabeth Akech, URA's acting manager of tax education, said linking the NIN to tax records would make it easier for businesses to register and update their information.
200,000 tree planting drive Key step towards greener Uganda
“The focus on schools gives the tree-planting campaign a sustainability dimension that extends beyond the number of trees planted. By involving learners in environmental conservation, the initiative can help nurture a generation that understands the importance of protecting natural resources and incorporating sustainability into everyday life,” Wamala said.
Kyabazinga woos agro-processing, logistics investors in Abu Dhabi
“We need partnerships that bring modern technology, capital investment, and technical expertise into Busoga. This will not only curb post-harvest losses but also create sustainable jobs and economic opportunities for our youth and farming communities,” Nadiope IV said.
Quality Chemicals to venture into flu drug manufacture
The deal builds on a voluntary licensing agreement signed between Roche and MPP in May 2026, allowing selected generic drug manufacturers to produce and distribute baloxavir marboxil in 129 low- and middle-income countries, including Uganda.
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