Ugandan Insurance Companies Address Oil and Gas Risks
Combining local resources to reduce risk in the oil industry has been made possible in part by the Insurance Consortium for Oil & Gas Uganda (ICOGU). With over $24 million in premiums written to date, ICOGU has demonstrated success even if it only retains a tiny fraction of the risk domestically.
Entebbe Airport Sets Records for International Passenger Volumes
198,961 foreign passengers handled in December 2023, Entebbe Airport achieved a new high. With 104,160 arrivals and 94,800 departures, this milestone was reached with an astounding daily average of 6,418 passengers. According to Uganda Civil Aviation Authority (UCAA) spokesperson Vianney Mpungu Luggya, this number is the country’s highest record for a single day.
Uganda Extended Approval for Imports of Private Fuel
The Uganda National Oil Company (Unoc) was scheduled to start exclusive importation this month, but encountered difficulties obtaining a crucial Petroleum Import License from Kenyan authorities.