UGEITI report exposes low government revenue from extractive sector
Uganda earned Shs663.28 billion from the extractive sector in the financial year 2023/24, but the industry contributed only 2.39% of the country’s total government revenue, raising concerns about whether the country is getting enough value from its mineral, oil and gas resources. The figures are contained in the fifth Uganda Extractive Industries Transparency Initiative (UGEITI)…