Capital markets regulator, Capital Markets Authority (CMA) has cleared the sale of shares in Dangote Petroleum Refinery and Petrochemicals FZE to selected Ugandan investors, but barred the company from making a public appeal for investors. The agency said on October 6 that it had approved the offer of securities under the refinery’s Initial Public Offering…
The Uganda shilling came under pressure this week against the US dollar, opening stable at 3775/ 3785 as dollar demand from importers and corporates was adequately matched by inflows from exporters and remittance companies. According to Absa Bank weekly market report, the local unit came under increasing pressure from Tuesday as strong corporate and interbank…
Uganda National Oil Company (UNOC) is in talks with global commodities trader Vitol over a possible mandate to market the country’s newly branded crude, Pearl Sweet, as Uganda prepares for first oil exports in early 2027. Officials say negotiations are still ongoing and no final appointment has been confirmed. The discussions cover marketing of the…
