By Peter Wandera
Globally, we are seeing huge public demand for corporate and government accountability. Demonstrations occur every day in countries across the world to protest corrupt regimes and unethical business practices. With this intensified pressure for accountability and integrity, transparency is in high demand. Read More
Former Ghana President, John Kufuor, has advised Ugandan leaders to adhere to the principles of good governance if the country’s oil sector is to be sustainably managed.
The first phase of the ongoing implementation of the Resettlement Action Plan (RAP) in Hoima District is facing resistance from some angry residents, with some of them threatening to take the government to court over unfair compensation of their property. They are also claiming that government agents are harassing them and coercing them into signing consent forms. Read More
Oil has long fuelled corruption in Nigeria, which currently ranks 139th out of 176 countries in Transparency International’s global ‘Corruption Perception Index.’ (The lower the rank, the more corrupt the country is perceived to be; Uganda ranks only slightly higher, at 130)
Yet membership of the Extractive Industries Transparency Initiative (EITI) is helping to clean up the country’s oil sector, according to Faith Nwadishi and Hilary Enenche, who work for the Nigerian branch of EITI. Read More
A senior Tullow Oil official last week reiterated the company’s position on making public the Production Sharing Agreements (PSAs) the company has with the Uganda government.
Speaking at a civil society meeting in Kampala last week, Tullow’s Group Public Affairs Manager, Lesley Coldham, observed that publishing such information promotes transparency which is important for the company’s profitability. Read More
A US court has dealt a blow to demands for greater transparency in the global extractives industry by ruling that companies do not have to publish details of payments they make to foreign governments.
Section 1504 of the 2010 Dodd-Frank Financial Regulation Act had been widely interpreted to mean that natural resource companies listed on the US stock exchange would have to disclose all overseas payments. Read More
Dr. Jörg Wiegratz is a Lecturer in Political Economy of Global Development at the University of Leeds, School of Politics and International Studies. He is the author of, among others, Fake capitalism? The dynamics of neoliberal moral restructuring and pseudo-development: the case of Uganda, and Uganda’s Human Resource Challenge: Training, Business Culture and Economic Development. Read More
By Chris Musiime
A week ago, Nigeria’s President Goodluck Jonathan ordered Nigerian revenue collection agencies to recover $9.6 billion in underpaid or unpaid taxes and royalties from oil companies operating in Nigeria, following an audit of the country’s oil and gas sector stretching over the last ten years.
For a long time now, corruption and successive weak leadership have ensured that half of the 70 million Nigerians remain in poverty, despite their country being the leading crude oil producer in Africa. Read More
The sixth global conference of the Extractive Industries Transparency Initiative (EITI) ended today in Sydney, Australia, with all member countries and prospective member countries, including Uganda, re-affirming their commitment to the initiative. Read More
The sixth Extractive Industries Transparency Initiative (EITI) global conference opened today in Sydney, Australia, with the watchdog unveiling revised, more stringent standards for member countries and those intending to join.
Perhaps the most significant of the revised standards is the requirement for member states to make their contracts with the companies, including the Production Sharing Agreements, more transparent. Read More