The Norwegian government last week committed an additional 6.5 million dollars to support Uganda’s oil and gas sector in a new agreement that was signed by the Norwegian Ambassador to Uganda, H.E. Thorbjørn Gaustadsæther and the new Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija at the Finance Ministry Headquarters in Kampala. Read More
President Uhuru Kenyatta last month suspended Energy and Petroleum Cabinet Secretary, Davis Chirchir over alleged involvement in corrupt dealings. Read More
A Petroleum Directorate has been established in the Ministry of Energy and Mineral Development, Oil in Uganda has learnt. Read More
Governments should be open about the deals they do, and show that they have put safeguards in place to protect people and the environment.
Oil, gas, mining and logging companies incorporated or listed in the United Kingdom will, starting in 2016, publicly disclose all payments they make to governments of countries in which they work following the passing into law of the European Union Accounting Directive by the British Parliament yesterday. Read More
The price governments pay for transparency is much lighter and affects only the minority-specifically rogue politicians and connected greedy business people. Read More
A series of crises in EITI countries like Ethiopia, Niger and Azerbaijan has triggered doubts about whether the scheme is really helping citizens groups there hold their governments to account.
Former Finance Minister and Senior Presidential Advisor on Finance and Planning, Ezra Suruma, has criticized the Public Finance Management Bill for vesting too much power in the office of the Minister for Finance. Read More
Uganda could have lost up to 2.43 billion dollars in tax revenue over the last ten years due to ‘trade misinvoicing’, a new report by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization has revealed. Read More