Updates

AfDB bans Chinese roads construction company in Uganda for corruption.

China Henan International Corporation Group (CHICO), a Chinese roads construction company has been banned by the African Development Bank (AfDB) for participating in “fraudulent activity” in a project that the AfDB is funding in Uganda. CHICO, the Henan-based constructor, is now prohibited from participating in any new AfDB-funded projects on the continent, including its ongoing project…

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MPs express concern over the increase in companies receiving tax exemptions

The Ministry of Finance and Uganda Revenue Authority (URA) officials were dismissed by the Finance Committee of Parliament due to issues with the way that seven companies—three of which were higher education institutions—were selected to receive tax exemptions. The process had obvious irregularities that the lawmakers had pointed out, such as a rise in the number…

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Museveni urges new ministers to make wealth creation a priority and tackle corruption.

The newly appointed ministers have been urged by President Museveni to put fighting corruption and generating wealth first. “Corruption undermines our efforts, but by focusing on wealth creation and fighting corruption, we can achieve 80 percent of our goals,” he said. These statements were made on Wednesday at State House-Entebbe during the swearing-in ceremony of…

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