THE HALFAX HEIMDALL AUGUR

Uganda to Start Oil Production in 2026/27, Revenues Ring-Fenced for ... Ggoobi dismissed claims that Uganda’s oil revenues are being lost or exported abroad, saying government has already been earning income from the sector for several years through taxes, royalties and fees paid by oil companies involved in upstream development and pipeline construction. Uganda will begin commercial oil production in the second half of the 2026/27 financial year, with government pledging that all revenues from the sector will be strictly invested in infrastructure and saved for future generations, the Ministry of Finance has said. The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, said the country is on track to become an oil producer later this year but cautioned against expectations of an immediate fiscal windfall, noting that initial revenues will be relatively modest. “Like any business, the initial oil money will not be too much,” Ggoobi said, explaining that oil proceeds will be channelled into the Petroleum Fund and are projected to amount to about 0.8 percent of non-oil GDP annually. He said the funds will be used exclusively for infrastructure development, including …

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition ... Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn Kampala — The expected oil revenues could provide an important source of financing for the country's Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged during a dialogue on energy transition financing and the management of petroleum revenues. The dialogue, funded by the Natural Resources Governance Institute NRGI brought together the government officials and civil society actors under the Civil Society Coalition on Oil and Gas (CSCO) to examine whether proceeds from Uganda's Petroleum Fund can support the country's shift toward cleaner and more sustainable energy systems. Through the Energy Transition Plan, the government set five goals to enable Uganda to transition to the use of modern energy. These include: providing universal access to electricity and cleaner cooking by 2030; to modernise and diversify Uganda's energy mix and promote its efficient use across all sectors …

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition ... Kampala — The expected oil revenues could provide an important source of financing for the country's Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged during a dialogue on energy transition financing and the management of petroleum revenues. The dialogue, funded by the Natural Resources Governance Institute NRGI brought together the government officials and civil society actors under the Civil Society Coalition on Oil and Gas (CSCO) to examine whether proceeds from Uganda's Petroleum Fund can support the country's shift toward cleaner and more sustainable energy systems. Through the Energy Transition Plan, the government set five goals to enable Uganda to transition to the use of modern energy. Follow us onWhatsApp|LinkedInfor the latest headlines These include: providing universal access to electricity and cleaner cooking by 2030; to modernise and diversify Uganda's energy mix and promote its efficient use across all sectors to support industrial…

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn [Independent (Kampala)] Kampala -- The expected oil revenues could provide an important source of financing for the country's Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said.

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn [Independent (Kampala)] Kampala -- The expected oil revenues could provide an important source of financing for the country's Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said.

Oil revenues alone cannot fund Uganda's energy transition, experts warn ... Oil revenues alone cannot fund Uganda’s energy transition, experts warn Grace Kisembo 3 days ago Business , Energy , News , Oil , Press Release , Uganda Comments Off on Oil revenues alone cannot fund Uganda’s energy transition, experts warn 44 Views Related Articles In Rwanda’s New Steel Industry, Workers Are Learning Jobs That Didn’t Exist a Decade Ago 10 hours ago IFC to Lend $80 Million to MIDROC Ethiopia’s Hotel Development 3 days ago Kampala, Uganda – The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged during a dialogue on energy transition financing and the management of petroleum revenues. The dialogue, funded by the Natural Resources Governance Institute NRGI brought together the government officials and civil society actors under the Civil Society Coalition on Oil and Gas (CSCO) to examine whether proceeds from Uganda’s Petroleum Fund can support the…

Oil revenues alone cannot fund Uganda's energy transition, experts warn Oil revenues alone cannot fund Uganda’s energy transition, experts warn The Independent June 19, 2026 Business , NEWS Leave a comment Workers working to have oil out of the ground Kampala, Uganda | URN | The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged during a dialogue on energy transition financing and the management of petroleum revenues. The dialogue, funded by the Natural Resources Governance Institute NRGI brought together the government officials and civil society actors under the Civil Society Coalition on Oil and Gas (CSCO) to examine whether proceeds from Uganda’s Petroleum Fund can support the country’s shift toward cleaner and more sustainable energy systems. Through the Energy Transition Plan, the government set five goals to enable Uganda to transition to the use of modern energy. These include: providing universal access to electricity and clean…

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn [Independent (Kampala)] Kampala -- The expected oil revenues could provide an important source of financing for the country's Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said.

How Uganda's Forthcoming Oil Cash Can Actualize the Ten-Fold Growth ... Image How Uganda’s Forthcoming Oil Cash Can Actualize the Ten-Fold Growth Strategy Image Author: Magara Siragi Luyima, Energy and Extractive Industries Coordinator, Oxfam in Uganda Published: 27th Apr 2026 Content sections Uganda is approaching a major economic turning point with commercial oil production expected in 2026. The country holds approximately 6.3-6.65 billion barrels of oil in place, with 1.4-1.65 billion barrels technically recoverable. The two flagship projects; Tilenga (TotalEnergies) and Kingfisher (CNOOC) are expected to deliver a combined peak output of 230,000–240,000 barrels per day. With production potentially sustained for over 25 years, oil could become a transformative source of revenue, driving Uganda’s 10-Fold Growth Strategy, which aims to expand industrialization, infrastructure, exports, and human capital. Realizing this potential requires channelling revenues into high-return sectors, supported by strong governance and transparent fiscal management. Uganda’s Ten-Fold Growth Strategy The Ten-Fold Growth Strategy seeks to expand Uganda’s economy tenfold, targeting a US$500 billion G…

Oil Revenues Alone Cannot Fund Uganda’s Energy Transition ... The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged during a dialogue on energy transition financing and the management of petroleum revenues. The dialogue, funded by the Natural Resources Governance Institute NRGI brought together the government officials and civil society actors under the Civil Society Coalition on Oil and Gas (CSCO) to examine whether proceeds from Uganda’s Petroleum Fund can support the country’s shift toward cleaner and more sustainable energy systems. Through the Energy Transition Plan, the government set five goals to enable Uganda to transition to the use of modern energy. These include providing universal access to electricity and cleaner cooking by 2030; to modernise and diversify Uganda’s energy mix and promote its efficient use across all sectors to support industrial growth, poverty reduction, and socioeconomic transformation; and ensu…