Uganda: MPs Should Know That Approval of Shares Cannot Be Compromised

opinion

Last year, the speaker of Parliament named a select committee to investigate the alleged mismanagement of the National Social Security Fund.

Among the issues to be investigated was the alleged illegal purchase of shares in Umeme Limited. Umeme is a public listed company on the Uganda Securities Exchange (USE), and the only Ugandan cross-listed company on the Nairobi Securities Exchange. The committee, on conclusion of its work, tabled the report for debate and, subsequently, parliament adopted it.

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