Uganda has officially named its crude oil "Pearl Sweet," nearly 20 years after the discovery was announced. President Yoweri Museveni unveiled the name on September 2, 2026, in Kampala, marking what observers describe as a shift from political promise to commercial reality. According to The Independent Uganda, the country now faces the challenge of finding a market for its oil as it moves toward production.

Uganda has appointed global energy and commodities trader Vitol to market the government's crude oil allocation ahead of planned exports expected early next year, the Uganda National Oil Company (UNOC) announced Monday. According to a statement issued by UNOC, Vitol will handle the marketing of the state's share of crude as the country prepares to begin exporting oil. The appointment marks a step in Uganda's efforts to commercialise its petroleum resources.

MTN Uganda is playing a crucial role in the country's preparation for its first oil production by providing essential networks and digital services. This involvement goes beyond traditional oil drilling and infrastructure, emphasizing the importance of modern technology and reliable internet connectivity for the efficiency and safety of the oil industry, according to TechJaja.

Uganda's diplomatic missions in the Middle East are meeting in Istanbul for a strategic retreat focused on enhancing economic and commercial diplomacy. The five-day event, which runs from June 21 to 25, 2026, aims to explore new trade and investment opportunities for Uganda. This initiative is being organized by the Ministry of Foreign Affairs.

Dangote Group has announced plans to construct a refinery in Kenya with a capacity of 700,000 barrels per day. The company aims for the refinery to cater to East African markets as part of its strategy to enhance its presence in the energy sector across the continent.

Stakeholders in Uganda's avocado value chain met with government officials to discuss challenges in production, value addition, and access to international markets. The discussions, held at Imperial Royale Hotel in Kampala, included farmers, exporters, processors, and government agencies, focusing on strengthening the avocado industry and ensuring benefits for all participants amid rising global demand for avocado products.