Uganda National Oil Company

Auditor General reveals most profitable and loss-making gov’t agencies

by Paul MurungiCEOsFinanceICTIndustry & AnalysisManufacturingNews & AnalysisThe Big StoryUETCLJanuary 17, 2025January 18, 2025

The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year…

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Uganda Unveils Forestry Compensation Strategy to Tackle Energy Sector Emissions

by Brian EmorutMining/Oil & GasMinistries, Agencies & DepartmentsThe Big StoryNovember 15, 2024November 15, 2024

On Friday, November 15, 2024, Uganda took a significant step toward addressing climate change by launching its Alliance for Climate Forestry Compensation Strategy during the ongoing UN Climate Summit (COP29)…

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STANBIC BANK ON FUNDING EACOP PIPELINE⏤ We are committed to just energy transition and global standards on environment and social safety

by Muhereza KyamuteteraEast AfricaNews & AnalysisThe Big StoryApril 1, 2024April 6, 2024

Stanbic Bank Uganda, Uganda’s largest bank and a subsidiary of the Standard Bank Group, Africa’s largest banking group has said that it is still doing its own due diligence on…

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SPECIAL REPORT: The state of Uganda’s oil and gas sector in 2024

by Paul MurungiIndustry & AnalysisThe Big StoryFebruary 5, 2024February 27, 2025

2024 will be a defining year for Uganda’s oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that…

Equity Bank Uganda to provide financial service solutions to Uganda National Oil Company in new MoU

by CEO ReporterCompany NewsNews & AnalysisApril 14, 2022April 14, 2022

Equity Bank Uganda and the Uganda National Oil Company (UNOC) have signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of financing…

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Uganda National Oil Company CEO Proscovia Nabbanja named among African Energy Chamber’s Top 25 Movers and Shakers to watch in 2022

by CEO ReporterThe Big StoryOctober 27, 2021October 27, 2021

Uganda National Oil Company Chief Executive Officer Proscovia Nabbanja has been named among oil and gas heavy weights on the continent to watch in 2022.The African Energy Chamber recently announced…

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Countdown to the Final Investment Decision: Tracking Uganda’s oil and gas journey

by CEO ReporterThought LeadershipApril 10, 2021April 10, 2021

Uganda’s long awaited oil and gas final investment decision (“FID”) is expected shortly during this month. The Govern­ment of Uganda acting through the National Oil Company (“UNOC”) together with French…

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Gov’t Set to Give Each MP UGX 321 Million for Buying a Car

by URNFinanceJanuary 26, 2021January 26, 2021

A pleasant welcome awaits the freshly elected and re-elected members of parliament in an envelope containing nearly $100,000 which they don’t even need to account for.  The minister of finance Matia…

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Norway, Ghana laud Uganda’s oil and gas sector

by CEO ReporterCompany NewsOctober 22, 2020October 22, 2020

The oil and gas sector in Uganda has been lauded as a good example for countries to follow, due to Uganda’s efforts in promoting a favourable business environment for investment.The…

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Geologist, Proscovia Nabbanja appointed as UNOC caretaker CEO

by Muhereza KyamuteteraCEOsCompany NewsThe Big StoryThe CEO 100 IndexWomen in BusinessWomen In LeadershipAugust 12, 2019August 12, 2019

Proscovia Nabbanja, the Chief Operating Officer at the Uganda National Oil Company (UNOC) has been appointed by the board as the interim caretaker CEO. Wholly owned by the Government of…