Tag: Uganda

NEWS

Ugandan President Wins Election Amid Election Fraud Charges

Yoweri Tibuhaburwa Kaguta Museveni, the 76-year-old Ugandan politician who has been President of Uganda since 1986, has been declared the winner in the latest presidential election, thus extending his 35-year rule over the country. Museveni was involved in rebellions that toppled Ugandan leaders Idi Amin and Milton Obote before capturing power in the 1980s. His main rival Bobi Wine alleged […]

BUSINESS Commerce

Uganda Set To Rake In $15-20 Billion In Oil Investments

Uganda, a relatively new player on the international oil stage, expects to rake in investments in the amount of US$15-20 billion over the next three to four years, the executive director of the country’s petroleum Authority, Ernest Rubondo said at a conference in South Africa. Earlier this month, Nigerian Oranto Petroleum sealed two production sharing deals in Uganda to explore for hydrocarbons around Lake […]