The private sector, specifically those in businesses relating to the oil and gas industry want the governments of Uganda and Tanzania to lift some of their national laws that might hinder companies from taking advantages, especially across the border.
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The government has tabled fresh amendments to the Public Finance Management Act, to allow the Uganda National Oil Company (UNOC) access proceeds from the sale of its interest in crude oil.
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Bank of Uganda did not receive the cashflow plan as anticipated since the amount required was withdrawn as a lump-sum.
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The latest development will define the construction and management of the EACOP. Most of the sticky issues that have delayed Uganda’s FDI stretch
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