Notice from Ministry of Finance

I am pleased to announce that Uganda has been accepted as a candidate member country of the Extractive Industries Transparency Initiative (EITI). The decision was announced by the EITI Board Chair, the Right Honorable Helen Clark, in a statement issued on Wednesday 12th August 2020 by the EITI International Secretariat in Oslo, Norway.

EITI is the global standard for transparent management, accountability and good governance of petroleum and mineral resources. Our membership in EITI will boost investor confi dence and strengthen revenue management in the country. As an EITI member country, Uganda will disclose information relating to contracts and licenses, production and revenue of and from extractives, as well as revenue allocation, and benefi ts accruing to Ugandans from their resource. 

Uganda is not joining EITI as an end in itself. Implementing EITI is a framework that helps countries to identify and address challenges in the oil, gas and mining sectors. The EITI principles of transparency and accountability are already enshrined in the legal and regulatory framework governing oil, gas and minerals in Uganda, including the 2008 National Oil and Gas Policy, the 2012 Oil and Gas Revenue Management Policy, the 2015 Public Finance Management and Accountability Act, and the 2018 Mining and Minerals Policy for Uganda. CLICK HERE FOR MORE ON THIS NOTICE