Denis Eidu, a senior auditor also presented the reports from 2014 to 2019, which implicated the previous board led by Geoffrey Bangirana for causing the union a financial loss of Shillings 1.5billion through travels and unexplained payments.
But the dumping of foreign sugar by Ugandan smugglers has hurt the Ugandan sugar farmers most, with the sub-region of Busoga most affected. The latest permit for exporting 20,000 tons is part of the annual duty free 90,000 tons agreed upon by both governments, on condition of submission of proof that it is not dumped from external markets.
With trans-boundary cargo vehicle drivers and their crew appearing to be the main new threat of spreading COVID-19 disease in Uganda, the ministry of trade is trying to revise guidelines for the truck drivers to ensure that they don’t spread the disease to the communities on route to their respective destinations.
The final investment decision (FID) was expected to open the tap for money to start flowing, paving the way for projects like the US$3.5bn East Africa Crude Oil Pipeline.
Construction of the 1400 km heated oil export pipeline from Hoima in western Uganda to Tanzania’s port of Tanga on Indian Ocean has stalled.
The Mpigi District Deputy Chief Administrative Officer, Jack Byaruhanga, says the new regulations are hurting local revenue collections. He says it is now difficult to predict the trading license fees, which affects their local revenue projection.