Uganda: Top leader decries delay in joining Extractive Industries Transparency Initiative
"Transparency is crucial for extractives sector - Kadaga" 28 August 2014
As Uganda embarks on the oil production stage, the speaker of parliament, Rebecca Kadaga, has called for a commitment towards transparency within the extractive industries...Kadaga said government had not delivered on its promise on transparency. “We had resolved in 2011 that in addition to bringing the legislation on extractive industries, there was [a plan] to extend the extractive industries transparency initiative,” Kadaga said. “This has not been done; when we resume the House, this is one of the issues we should ask government to explain, [especially] why it has taken three years to consider this yet we are exploring, and considering refining oil and so on,” she added. She said good governance and transparency in the extractive industry would improve the investment climate in the country. According to Kadaga, if natural resources are managed well, they would create employment opportunities; boost procurement of goods and services, and improve production and distribution as well as social and community investment.