In a recently completed World Bank study one of the key messages that the world bank sends out to Uganda Oil and Gas industry stakeholders is to build the country’s private sector. The study titled: “Leveraging Oil and Gas Industry for the Development of a Competitive Private Sector in Uganda” emphasizes that Uganda’s private sector
Auditor General questions Energy Ministry’s expenditure
The Ministry of Energy has been thrust into the spotlight after the Auditor General queried the billions of shillings that he claims the ministry spent irregularly. In his latest report to Parliament, John Muwanga recommended an investigation into the irregular expenditure. He pointed out that the ministry during the year ended June 2012 transferred sh12b
Why Uganda’s oil did not attract big investment deals in 2012
So, according to a survey by International tax firm Deloitte, Uganda accounted for fewer investment deals in East Africa in 2012. With the maze and craze that shrouds the oil industry; obviously Uganda’s oil was expected to be the biggest attraction for investment deals. But with the squabbles over various issues like the stabilization