MinBane

I write what I like.

Archive for the tag “Hoima”

A Divided Nation: President Museveni Versus FDC Leadership Conference!

Today, we learned that in Buikwe District, the only allowed political activity was the launching of industrial facilities and not a leadership conference. It seems like the National Resistance Movement (NRM) and the President Yoweri Kaguta Museveni can open and launch new projects in a district. However, the opposition cannot operate any activity in the same realm. Only the President can act and do what it needs to do. That is why, the Forum for Democratic Change (FDC) couldn’t hold this in Lugazi Town, as the President was at 6 factories the same day.

This shows the irrational behaviour of the government and the authorities, as the state had to send the Uganda People’s Defence Force aka the army to block a venue and shed tear-gas on the public, as the FDC was only trying to meet their leaders in Lugazi Town. They were not trying to hold a public rally or even procession in town. No, just a leadership conference in the district.

A district where the President was scheduled to be at six places and six factories or industrial facilities. Certainly, the President is such a fragile mind, that he cannot have opposition in the region where his spending time. Because, then the fountain of glory will not be able shed water like a waterfall. His light is dim, when the FDC is around.

It is so dangerous for the state, that the FDC had scheduled meeting at the Paradise Pub in Luagazi Town. That Dr. Kizza Besigye and Partick Oboi Amuriat cannot hold internal meetings, especially when His Excellency is around. Not that it makes a difference his not there, because what the 2019 has shown is that the Police and authorities does what it can to block the venues and leadership conferences of the opposition party. Therefore, it is just amplified with the army intervening today.

But, we have seen the same President sending the Special Force Command (SFC) into Parliament to get his will done. That is why the FDC shouldn’t be surprised that the President orders the army to settle the score in the same district he visits. Because, the President want it calm and easy as he steps on the hollow ground. He doesn’t want a popularity contest. That looks bad for the propaganda released after the visits in the district.

We have seen the President and the Army now really attacking the Opposition. That is why the soldiers was blocking the venue of Paradise Pub and not allowing them. Also, tear-gassing the public for showing up to greet the leadership, which was also illegal. Clearly, the Ugandan Republic the one Republic built for the NRM and the other whose allowed to be prosecuted and be suspended, as the laws to gather or even do internal party organizations are illegal for the other ones. This being the FDC and others. Peace.

Advertisements

The Calvary intervene in the midst of FDC Leadership Conference in Hoima!

This Uganda Police Force and their cadres got some nerve, there another sacred or anything they cannot touch, which the opposition does. This is well-known trick of them. To show-up with plenty of officers and with manpower. To spread fear and try to block an event. Today, the 1st May 2019 was no different in Hoima.

As the Forum for Democratic Change (FDC) was holding a leadership conference in Hoima. As they have tried to do across the Republic, with more or less problems. Today, the Police Officers even entered the stage where the Secretariat and Central Leadership of the Party was. As they were already gathered and starting to organize the event itself.

This was a regional meeting of the party with the leaders within the FDC in the region of Hoima. The districts and sub-counties of the region. This should easily happen without any interference, as this is not a big public rally or even concert. That they block even before the public are gathering around the venues. Unless, its the National Resistance Movement (NRM) they can do whatever and get away with it. But the FDC have to ask permission to travel into towns, hold leadership conferences, but the regime itself can just show-up without any trouble. Peace.

Operation Wealth Creation Handles No Procurement, No Money (26.03.2019)

Hoima Regional Referal Hospital Director Dr. Peter Mukobi letter to LCI Hoima Muncipality Chairman Mohammed Kyimba: “Request to Provide a Written Explaination on the Allegations Against Hoima RRH” (16.11.2018)

Museveni’s Mixed Messages in Mityana district!

People should not claim they are waiting for government programmes in order to develop themselves. A pig will not resist to be taken to the market for sale or slaughter just because the road is not tarmacked” Yoweri Kaguta Museveni on the 22nd July 2018.

There are some ironies with today, especially the mixed messages from President Yoweri Kaguta Museveni. As he was saying that the public should not expect the government to deliver programs for their development, while he is supporting and his government through the Operation Wealth Creation (OWC) and the State Minister for Tourism Godfrey Kiwanda who was starting Kisboka SACCO in Mityana District. So, it is weird that he is donating money to a project for development, while saying people shouldn’t expect the state to contribute funds. Is he dumb? Just take a look!

Our Commander in Chief H.E President Museveni officially launched and accepted to be the Patron of the poverty eradication drive called Kisoboka (It is possible) in Mityana North. The drive, that was initiated by State Minister for Tourism Hon. Godfrey Kiwanda aims to bring about positive mindset change towards poverty eradication, job creation and wealth creation mainly though agriculture; It is already very popular in North Mityana Constituency with over 250 households joining the bid to earn at least 21.5 million shillings per annum” (Operation Wealth Creation, 22.08.2018).

I gladly accept the request that I be the patron of Kisoboka SACCO and I will make a Shs50 million contribution towards its activities” (Museveni, 22.08.2018).

It is really not much to say, but if this works, the SACCO might do something positive to the public and citizens of North Mityana Constituency, however the OWC is not known for good seedlings and neither well-organized model of development. Therefore, this might fall flat and be empty promises to the district and constituency. We can hope for something else, but it might change for a very selective few.

This might just be another PR Stunt and a way for Kiwanda just to pocket money from the taxpayers or even shield his funds he is earning as a State Minister and MP. What is more ironic, is that the President talks of not waiting for the state to deliver development, while his state is launching possible development projects through the OWC. It is should be obvious. If he was a sincere man, he would see that.

He talks of not getting promises of development, while delivering a development projects… It doesn’t make sense.

That is just me though… I cannot be alone, but when you just have empty suits and yes men around you. You turn into this creature, this bloated arrogant prick who doesn’t see poverty; while living in lavish luxury on the state. Peace.

The Uganda Budget Framework Paper FY2018/19 for Energy and Mineral Development is saying that the External Financing is the key for this Sector – Period!

The Budget Framework Paper for Financial Year of 2018/2019 for the Ministry of Energy and Mineral Development is really revealing how the financing of the sector is and how the state is involved with the manner. Also, how low-key the main factors are and lacking transparency is hitting the Energy Sector of Uganda. Not that is surprising, since the agreements, the licenses and the tenders are usually kept behind closed doors.

However, the main part of the Framework Paper is evident of the issues at hand:

The indicative budget ceilings for the Ministry of Energy and Mineral Development have been rationalised in line with the sector priorities and national priorities as communicated in the Budget Call Circular and in the Presidential Directives. The ceilings for Vote 017 for the FY 2018/19 are as follows: Wage Recurrent is UGX 4.23Bn; Non-Wage Recurrent is UGX 74,04Bn; GoU Development is UGX 307,84Bn and the Development Partner contribution is UGX 1,608.41Bn. Under Vote 123 ceiling is UGX 81.98Bn is for the GoU Domestic Development and UGX594.00Bn is from external financing” (Energy and Mineral Development, Budget Framework Paper FY 2018/19, 2018).

The building of vital infrastructure, the refinery, the pipelines and energy production facilities are all dependent on funding from abroad. If it is grants, loans or paid-in-full agreements done in secrecy. Because, there are more than the shadows of this budget framework paper. It is saying a lot and the votes for the future is showing the future too. That the Ugandan economy is prospering, as the budget are needing all funding from afar to be able to build needed infrastructure. Also, needs the grants for the Rural Electrification, the ones who the state has even borrowed to do.

Therefore, this Budget Framework Paper is showing the troubles ahead. This isn’t voting for better economy, know this is dependency and also proving how much the donors and partners are involved in making sure the economy gets addicted to it.

When it comes to the refinery, the details are clearly still in the wind: “The process of selecting of the Lead Investor is still progressing and the negotiations are ongoing between Government and the selected investor. The process is expected to be completed in FY 2017/2018. There after FEED and ESIA for refinery development will be undertaken with the Lead Investor on board” (Energy and Mineral Development, Budget Framework Paper FY 2018/19, 2018). So the selecting of it is not finalized, well, for some thought Russians had secured agreement and the reason for Museveni to visit Moscow. Clearly, that ship has sailed, we can wonder if Total or any other company would do this. As Total has the biggest chairs of licenses in the Lake Albertine Basin. Time will tell, but another proof of lack of transparency, when the Ministry has to write this.

Procurement Bottlenecks including lengthy bidding processes that require no-objections from the external financiers at each stage of execution. There is need for PPDA to revise guidelines for procurements relating to flagship projects. In addition, the following measures need to be considered: financing agreements are signed, project is almost ready to kick off. PPDA should reduce the administrative review timelines that sometimes stall progress” (Energy and Mineral Development, Budget Framework Paper FY 2018/19, 2018).

This here is initially following the guidelines of the First Amendment of the 1995 Constitution of 2017, the Land Amendment that the National Resistance Movement put forward before the Age Limit. That would fit the narrative of the Ministry and their wishes. It is like reading the same idea, to give more power to the state and able to land issues quickly.

What we can learn, also and which is important, these developments, these infrastructures projects couldn’t have been built if it wasn’t for external loans, externals grants or direct aid, if not on the license fees and the parts that is taxed. However, the grand amount and the majority of the projects needs the external funding.

This is not surprising, it is to be expected because Museveni doesn’t want to use his money. He want to spend other people’s money and also the money of the future. To benefit him today, that is why the deals are done in the secrecy…. We don’t know the reasons and the value of the licenses, the ones who is to build the refinery, even the grand agreement between the Corporations who will build the Pipeline. We know that certain companies has failed to build the dams and used bad material, but that is because of the Chinese Contractors has saved money, while being paid-in-full.

President Museveni blessed that deal and got scraps back. Time will tell, but this isn’t a good look. Not because I want it to be bad, but because the money says so. Peace.

Joint Communique on the occasion of the Official Visit to Uganda by His Excellency Paul Kagame, the President of Republic of Rwanda (25.03.2018)

1. At the invitation of His Excellency Yoweri Kaguta Museveni, President of the Republic of Uganda, His Excellency Paul Kagame, President of the Republic of Rwanda, paid a one-day Official Visit to Uganda on March 25, 2018. His Excellency President Paul Kagame was accompanied by the Minister of Foreign Affairs, Cooperation and East African Community and other Senior Government Officials.

2. The two Heads of State held Official Talks at State House, Entebbe in a cordial and friendly atmosphere on a wide range of bilateral, regional and international issues.

3. Their Excellencies noted the existing bonds of friendship and mutually beneficial cooperation between the two countries and reiterated their commitment to strengthen them further. In this regard, they reviewed cooperation particularly in the sectors of railway and air transport as well as electricity interconnection.

4. The two Heads of States observed that the Joint Permanent Commission (JPC) between the two countries provides a good mechanism for discussing matters of mutual interest and strengthening cooperation. They therefore directed their Ministers responsible for Foreign Affairs to convene the next JPC within three months.

5. His Excellency President Yoweri Museveni congratulated His Excellency President Paul Kagame, the Government and people of Rwanda on the successful hosting of the historic African Union Extra Ordinary Summit in Kigali on March 21, 2018 during which the Agreement establishing the African Continental Free Trade Area as well as the Protocol on Free Movement of Persons were signed.

6. The two Heads of State reiterated their commitment to the economic integration of Africa, accelerating industrialization, development of regional and continental infrastructure to improve the livelihoods of the peoples of Africa. His Excellency President Yoweri Museveni commended His Excellency President Paul Kagame, in his capacity as current Chair of the African Union, for his leadership.

7. His Excellency President Yoweri Museveni expressed his appreciation to His Excellency President Paul Kagame for honouring his invitation and for the fruitful discussions they held. His Excellency President Paul Kagame, on his part, expressed his appreciation to His Excellency President Yoweri Kaguta Museveni, the Government and people of the Republic of Uganda for the warm reception and hospitality accorded to him and his delegation during the visit.

8. His Excellency President Paul Kagame extended an invitation to His Excellency President Yoweri Museveni to pay a State Visit to the Republic of Rwanda. The invitation was gladly accepted and the dates will be agreed upon through diplomatic channels.

Done on March 25, 2018, in Entebbe.

FOR THE GOVERNMENT
OF THE REPUBLIC
OF UGANDA

_____________________________
HON. SAM K. KUTESA
Minister of Foreign Affairs
FOR THE GOVERNMENT
OF THE REPUBLIC
OF RWANDA

_____________________________
HON. LOUISE MUSHIKIWABO
Minister of Foreign Affairs, Cooperation and East African Community.

Opinion: President Museveni praises Equatorial Guinea for it’s rampant Oil-Corruption; wants to learn his tricks!

In these days the President Yoweri Kaguta Museveni of the Republic of Uganda are on a state visit in Malabo, visiting and learning tricks from the Equatorial Guinean President Teodoro Nguema Obiang, who has used the oil to enrich himself and his loyal subjects. Not build a welfare state, but make sure the family of Obiang get wealthy. Certainly, Uganda is preparing for their own oil production in the Lake Albertine basin, as the pipeline building from the production to the Port Tanga in Tanzania.

This is why President Museveni are visiting Equatorial Guinea to learn the tricks of the trade, as the state of Uganda are still in the dark of the oil-deals between the international companies and the state. We can wonder how the funds will be spoiled and how Museveni plans to use the oil funds for personal gains. If so, he wouldn’t praise President Obiang, who has his whole career to spend the oil profits from his republic. This is what Museveni wants to learn, since his career has been tricking out all sorts of play from Ugandan republic. The petroleum profits can be misspent and hidden just like in the republic of Obiang. Take a look!

President Museveni’s praise:

We are therefore in Equatorial Guinea for two things: looking at how to support prosperity of one another and how to push for our strategic security. I also congratulate Equatorial Guinea for using it’s oil and gas very well. When I was last here for the AU Summit, I noticed gaps between the airport and the city centre. Today, all these gaps were gone. In their place are new, well-planned buildings. And I see the city is refurbished. Some people say oil is a curse but in Equatorial Guinea it is a blessing” (Yoweri Kaguta Museveni, 26.08.2017)

Business in Equatorial Guinea:

Since the discovery of the offshore oil deposits, many investors have shown great interest in the country. Foreign direct investment inflows into the country had thus been consistently high for the past years. Nevertheless, in 2016 the FDI inflow amounted to USD 54 million, a sharp decrease from USD 233 million recorded the previous year (and the historical peak of USD 2.73 billion in 2010) . The total stock of FDI in the country is currently at USD 13.4 billion” (…) “Corruption in particular is problematic. In addition, the business climate of the country remains rather unfavourable for investment. Cumbersome procedures and high compliance costs slow licensing and make starting a business more difficult. Weak regulatory and judicial systems may discourage foreign investment as well, along with high credit costs and limited access to financing. The government controls long-term lending through the state-owned development bank. Equatorial Guinea ranked 178th out of 190 countries in the 2017 Doing Business report published by the World Bank, losing three spots compared to the previous year” (Santander Trade, 2017).

Son of the President on trial:

The corruption trial of Teodoro Nguema Obiang Mangue, the son of the president of Equatorial Guinea, ended in Paris on 6 July with the prosecution calling for a three-year jail term, a €30 million (US$34 million) fine and the confiscation of assets. The Tribunal will return a verdict on 27 October. The 48-year-old vice-president of Equatorial Guinea was not in court to hear the prosecution’s claim that he used money stolen from his country’s treasury and laundered through a shell company to fund a lavish lifestyle in France” (Transparency International, 2017).

This was what that is well-known of the Equatorial Guinea corruption and the son of President has also had challenging cases in the United States. Now the son is also having alleged fraud and criminal charges in France. Clearly, the Ugandan President has already known for corruption behavior. Therefore, even a state agency of PPDA has some words, that the government needs strict regulations before procurement and infrastructure development. This will be clearly important when it comes to petroleum industry. Take a look!

PPDA strict regulation on public procurement:

Public procurement is a key pillar of the public financial management system. The country’s budget and plans are translated into actual services to our people through the public procurement system. It is also the link between the public sector and the private sector as it is the medium through which the private sector does business with Government. Public procurement therefore involves large sums of money and as our budget grows with the priorities of Government remaining infrastructure development, the proportion of the budget earmarked for public procurement remains significant and therefore calls for strict regulation” (PPDA, 2017).

Audits and investigations by the Public Procurement and Disposal of Assets indicate that corruption in the procurement process manifests more in the evaluation of bids, reported to be at 58%. PPDA’s Manager Capacity Building Ronald Tumuhairwe says such corrupt practices lead to awarding of contracts to incompetent individuals hence shoddy works in several government projects” (…) “He adds that the second process where corruption manifests is awarding of contracts at 12.5%, followed by receipt and opening of bids, reviewing evaluation of bids, advertising and signing of contracts” (Sebunya, 2017).

President Museveni clearly has own agencies saying it is important with strict regulations on procurement and infrastructure developments like the ones needed for oil industry in the republic. The regulation of oil industry is lax, to make sure the state isn’t transparent with its profits and taxation of the industry. This is what Museveni wants, that the state and the public doesn’t know the contracts or the agreements between the parties involved. That is something President Obiang surely have the capacity to teach Museveni. And how to make sure his family is earning from the state resource, instead of the public and the state itself. Peace.

Reference:

Transparency International – ‘ON TRIAL FOR CORRUPTION: FRENCH PROSECUTORS DEMAND JAIL TERM AND €30 MILLION FINE FOR OBIANG’ (11.07.2017) link: https://www.transparency.org/news/feature/on_trial_for_corruption_french_prosecutors_demand_jail_term_and_30_million

Santander Trade – ‘EQUATORIAL GUINEA: FOREIGN INVESTMENT’ (August 2017) link: https://en.portal.santandertrade.com/establish-overseas/equatorial-guinea/investing-3

Sebunya, Wycliffe – ‘Corruption manifests most in the procurement process – IG’ (25.08.2017) link:http://radioonefm90.com/corruption-manifests-most-in-the-procurement-process-ig/

PPDA – ‘EVALUATING INNOVATIVE ANTI CORRUPTION POLICIES IN PUBLIC PROCUREMENT IN UGANDA’ (02.08.2017) link: https://www.ppda.go.ug/evaluating-innovative-anti-corruption-policies-in-public-procurement-in-uganda/

China-Uganda relationship benefits the Chinese, BoU Paper states!

This should not surprise you, that the Chinese government and their subsidiary businesses are making sure they are gets the best deal with the Ugandan counterparts. The Bank of Uganda policy paper are spelling out the advantages for the Chinese in the bilateral and the state-to-state offerings given to the Ugandans. They are clearly getting infrastructure loans and plyaing minor rolse in GVCs, therefore, the Ugandans are people loaning for infrastructure and then repaying, while the Chinese contractors and Chinese labor are working on the indebted projects. Just take a look, it is not a positive read!

It should be emphasised, however, that for Uganda to leverage the shifting growth dynamics in China (such as a shrinking labour force, rising wages and an appreciated Renminbi), it must create a conducive investment climate. Low wages and a competitive exchange rate alone will not make much difference without reliable power and transport links, or in the face of suffocating bureaucracy and corruption” (Bank of Uganda, P: 6, 2017).

With the migration of labour-intensive manufacturing shifting from China and an improvement in investment climate, Uganda also stands to expand its involvement in global trade, including Global Value Chains (GVCs). Historically, countries like Uganda have played a relatively minor role in GVCs. Figure 5 below, which illustrates a useful measure of Uganda’s integration in GVCs, relative to other sub-Saharan countries, indicates that Uganda is below the average value-chain position for developing countries” (Bank of Uganda, P: 6, 2017).

It must be pointed out that while China has emerged as a significant financer of infrastructure projects in Africa, it still lags behind both private investment and the more traditional sources of funding. Recent research actually reveals that, over the past few years, China has contributed about only one-sixth of the US$30 billion Africa receives annually as external finance for infrastructure” (…) “Moreover, most of this financing to the transport and energy sector takes the form of state-to-state, non-concessional deals and comes from the Export-Import Bank of China (China Exim Bank). Examples of the major state-to-state deals signed with China Exim Bank in Uganda include: US$1.4 billion and US$483 million for Karuma and Isimba hydropower dams as well as US$350 million for the construction of the Kampala-Entebbe express highway” (Bank of Uganda, P: 7-8, 2017).

For Uganda, which has so far committed up to US$ 2.3 billion in contracts with China Exim bank and is soon to take on more debt for projects like the Standard Gauge Railway, debt sustainability is a growing issue of concern; underscored by the fact that the country faces a low tax-to-GDP ratio relative to its regional peers and significant public investment challenges. Uganda’s debt as a percentage of revenues has risen by 54% since 2012 and is expected to exceed 250% by 2018, raising calls for caution and improved public investment management from various policy circles including the IMF, World Bank and Moody’s, which downgraded Uganda’s long-term bond rating in 2016 citing deteriorating debt affordability” (Bank of Uganda, P: 10, 2017).

This here report shows both the possible troubles with the debt, that already are problem with current budget, but will become bigger. Secondly, that the relationship and bilateral business agreements with China, will only benefit China and not Uganda. As they might get the infrastructure projects, but they have to repay the debt and also use funds on labor from the Chinese contractors and businesses. They are not hiring and educating locals to work these sorts, because Chinese are getting their own hired.

This here is not bringing positive results, but instead are being a nice debt collector for China and will be indebted to them. While the Ugandans gets scarps from the Chinese, as the infrastructure projects like the Dam they have bought on debt, has been said is “shoddy” work. That proves the Chinese gets easy money, get expat workers and later returns on every single Yen. Peace.

Reference:

Dollar, David; Mugyenyi, Akura & Ntungire, Nicole – ‘How can Uganda benefit from China’s economic rise?’ (August 2017) – International Growth Centre Uganda & Bank of Uganda

OAG Muwanga explains in two reports problems and errors within the Petroleum Industry!

The Auditor General has two reports on the Petroleum Industry and the issues of Petroleum Data and the Petroleum Fund. The errors of the state, the PAYE of the tax to URA. Proves that the monies earmarked for the Petroleum Fund, ends up in the Consolidation Fund. This is proof of the problematic use of the added taxes before the oil adventure really takes off and the drilling of the explored blocks in the Lake Albertine Basin. Where already different international companies have come to drill and the state is making a petroleum pipeline to Port Tanga in Tanzania. Therefore, these vast resources and possible taxes created by the industry and within the Republic. Still, the default problems that the Auditor General address can be fixed. It is just a matter of morals and actually following guidelines. Some are even set in the Public Finance and Management Act of 2015, so if for instance URA follows it, the problems of transactions into wrong fund can create payment arrears and also future problem of spending by the state. Since the misuse of funds and taxes can be allocated to other than what they was expected, as the Consolidation Fund has other uses than the Petroleum Fund. Just take a look!

Petroleum Fund:

For the six months ending December 31, 2016, the Fund received non tax revenue worth UGX 922,348,854 (USD270,900) as surface rental fees from Tullow Uganda Operations Pty and Total E & P Uganda” (OAG, P: 7, 2017).

It was however noted that monies collected by Uganda Revenue Authority (URA) under the income tax on income derived from petroleum operations such as PAYE, VAT and WHT is not being remitted to the Uganda Petroleum Fund. This contravenes the Public Finance and Management Act 2015” (…) “In their opinion PAYE is not tax charged on income derived from petroleum operations but paid by the employees and as such it had been excluded from the definitions of petroleum revenues. Arising out of the above it was established that UGX.l1,390,530,053 collected through the commercial banks and remitted to the consolidated fund should have instead been transferred to the Petroleum Fund. Management has promised to remit it to the Petroleum Fund before closure of the financial year 2016/17” (OAG, P: 10, 2017).

During the period under review, the fund received USD 270,900 (Two hundred seventy thousand, nine hundred dollars) in respect of surface area rentals consisting of USD 113,400 (One hundred thirteen thousand, four hundred dollars) paid by Total E& P Uganda for the development areas of Ngiri, Jobi-Rii and Gunya and USD 157,500 was paid by Tullow Uganda Operations Pty Ltd for development areas of soga, gege, Kasemene, Wahrindi, Nzizi-Mputa & Waraga, and Kigogole- Ngara Unrealised foreign exchange gains worth UGX 15,093,435,449 have been recognised in the Statement of Changes in Equity. These arose from translating the USD opening balances and revenue collected during the period into UGX at the closing rate for reporting purposes” (OAG, P: 14, 2017).

Petroleum Data:

The oil companies did not fully comply with submission of reports relating to their drilling, exploration activities and operations as required. Delays and non-submission of reports results in an incomplete database which may reduce the effective use of the database in petroleum resource management” (OAG, P: vi, 2016). “The shortcomings in the management of petroleum data by the Ministry of Energy and Mineral Development may affect the completeness of the data on the existing petroleum potential, extent of reserves, and amount recoverable thus reducing Uganda’s ability to maximally exploit and benefit from its oil and gas resource potential. A thorough understanding of the resource base and its geographical distribution informs key decisions on the rate of exploitation and potential future revenues” (OAG, P: viii, 2016).

This should all be worrying that the State and the Industry isn’t sufficiently ready for the activity, as the URA cannot even allocate funds correctly. This is even before the Petroleum Data is taken care of and made sure that the exploitation and drilling happens where the best well is within the block. Secondly, the real value of the reports and the licenses that the state would offer to the companies. That because the flow of data and the status of it wouldn’t be where it could be. This is losses created by maladministration and lacking will of institutionalize the knowledge. Instead, the Petroleum Industry is controlled and has just a few handshakes away from the State House. That is why the URA might have delivered the funds to the Consolidation Fund instead of the Petroleum Fund. All of the potential might be wasted in the lack of protocol and care of resources management that is needed in the Ministry of Energy and Mineral Development (MoEMD).

The recommendations and the looks into the issues should be taken serious by the Petroleum Industry and the MoEMD. So the state could both earn more on the industry and also create more positive growth through the provisions that is already made in Public Finance Management Act (PFMA) 2015. So time will tell if they will be more reckless, if they will listen to the OAG or if the Presidential Handshakes will steal it all for keeping the NRM cronyism at bay. Peace.

Reference:

Office of the Auditor General Uganda – ‘REPORT OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF THE PETROLEUM FUND FOR THE SIX MONTH PERIOD ENDED 31sT DECEMBER 2016’ (07.06.2017) – John F.S. Muwanga

Office of the Auditor General Uganda – ‘Management of Petroleum Data by the Ministry of Energy and Mineral Development’ (December 2016) – John F.S. Muwanga

Post Navigation

%d bloggers like this: