The construction of 15 oil roads in the Albertine Graben ahead of oil production anticipated in 2020 hangs in balance following Parliament’s refusal to okay funding for what has been termed as ‘ghost roads’, Business Focus reveals. According to the final Budget Framework Paper for 2017/18, the government f Uganda
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Fresh shocking details have emerged regarding the Shs6bn presidential handshake indicating that London law firm hired to defend Uganda during the oil tax case against Heritage Oil Company received but never remitted the US$4m (about Shs14.4bn) in costs to the Ugandan Government. This revelation follows the probe into the Shs6bn
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The ongoing Shs6bn presidential handshake by the Parliamentary Committee on Statutory Authorities and State Enterprises (COSASE) continues to unearth shocking information. The latest is that Uganda’s Ministry of Justice and Constitutional Affairs paid out Shs2.73bn to ghosts during the arbitration case between Heritage Oil and Uganda Revenue Authority (URA). Documents
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Uganda Revenue Authority (URA) has admitted that London law firm that Uganda government paid Shs2.5bn in the oil case didn’t provide a legal opinion, raising fears that the lawyers may not have carried out the assignment. This shocking revelation was made by Doris Akol, the URA Commissioner General while appearing
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By Peter Abaanabasazi A bitter row involving Hoima District Local Government, Bunyoro Kitara Kingdom and the Church of Uganda has erupted over Shs7bn compensation to persons and institutions affected by the Kigumba–Masindi–Hoima–Kabwoya Road Project. The road in question is one of the many oil roads being upgraded and tarmacked ahead
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By Peter Abaanabasazi (more…)
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A lot of mess continues to unfold in the ongoing probe into the Shs6bn Presidential handshake. The probe took a new twist when it was revealed that the London law firm hired to defend Uganda was paid by two Government entities to handle the same case. The revelation of the
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A whooping Shs1.3trn is said to be missing from Uganda’s Petroleum Fund, Business Focus exclusively reports. We have established that top bosses from the country’s Finance Ministry have been tasked to explain the whereabouts of money from oil revenues that are meant to be in the Petroleum Fund. Uganda’s Finance
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A number of Ugandan companies and individuals are missing out on oil cash (even when oil starts to flow) because of failure to meet the high standards required in the oil sector. This was disclosed by Fred Kabagambe Kaliisa, the former Permanent Secretary Minister at Ministry of Energy and Mineral
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As Ugandans struggle to take in the controversial Shs6bn handshake, the Ministry of Energy seems to have been rocked with another scandal. Business Focus has established that documents showing proof of payment of oil revenues by oil companies have disappeared with no trace from the East African country’s Ministry of
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