Home News Uganda EITI Transparency Strengthened as New MSG Takes Office
News

Uganda EITI Transparency Strengthened as New MSG Takes Office

Share
Share

Uganda Reaffirms Commitment to Extractives Transparency

Uganda has reaffirmed its commitment to transparency and accountability in the oil, gas, and mining sectors. The pledge came during the 39th Multi-Stakeholder Group (MSG) meeting of the Extractive Industries Transparency Initiative (EITI).

During the meeting at Protea Hotel Kampala, outgoing MSG members formally handed over responsibilities to new representatives from government, civil society, and development partners. As a result, the initiative now enters a new phase of leadership.

Henry Musasizi, Minister of State for General Duties at the Ministry of Finance, said EITI remains central to Uganda’s governance framework for managing extractive resources.

According to Musasizi, natural resources can drive inclusive growth and economic transformation when managed properly. He therefore urged leaders to maintain high standards of accountability.

In addition, the minister thanked outgoing MSG members for their service. Under their tenure, Uganda published regular EITI reports and improved data management systems. Public access to information also increased significantly.

Turning to the incoming team, Musasizi emphasized rising public expectations around transparency. He further called on members to align EITI activities with Uganda’s national development priorities. Ultimately, he reaffirmed the government’s commitment to EITI principles and objectives.


Building Trust in the Extractives Sector

Meanwhile, Moses Kaggwa, Director of Economic Affairs at the Ministry of Finance, continues to chair the MSG.

Over the past five years, the EITI process has strengthened governance in Uganda’s extractive industries. In particular, it has improved coordination among stakeholders.

“The platform has built trust and enhanced information sharing,” Kaggwa noted. As a result, public awareness around extractive revenues has grown.

Moreover, Uganda EITI plans to involve the Office of the Auditor General more actively. The office will support implementation and reporting as an Independent Administrator, thereby strengthening oversight.


Focus on 2026 Validation and Extractives Week

Looking ahead, Uganda will host an Extractives Week in May 2026. The event will showcase sector developments and attract investment opportunities.

At the same time, the country will undergo its second EITI validation on October 1, 2026. This assessment will measure Uganda’s compliance with global transparency standards.

Officials expect that stronger implementation will improve revenue tracking. Consequently, public accountability should increase. Over time, better integration of extractive revenues into national planning will support sustainable development.

Share
Related Articles
News

Uganda’s First Sovereign Sukuk for SGR Railway Funding

Uganda is gearing up for its first Sovereign Sukuk issuance to fund...

News

Centenary Bank Bundibugyo Community Initiatives Boost Cultural Heritage Health

Centenary Bank Bundibugyo initiatives support cultural heritage with Omudhingiya visit and hospital...

BusinessNews

Canton Fair 2026: Uganda’s Supply Chain Strategy, Deals & Value-Add Exports

Canton Fair 2026: Uganda turns showcase into supply chain strategy. Secured deals...

BusinessNews

Centenary Bank 2025 Results: 23.9% Profit Powers Uganda Growth

Centenary Bank 2025 results show 23.9% profit growth to UGX 424.2B, 77%...

We are the reliable source of filtered, timely, relevant tech, innovation, and business news. We gather business, technology, lifestyle, innovation news from Uganda, East Africa and around the world as it happens, presenting it to you in a simple to use and intuitive web portal.

Let us keep in touch

Subscribe to our newsletter to get our newest articles instantly!

    © 2025 Postdator Corporate News. All rights reserved.