Uganda Fails to Collect Shs42 Billion Royalties On Cagy Gold Exports

19 February 2017

Kampala — Gold in 2015/16 became Uganda's second largest export product after coffee but the royalties paid to government don't seem to reflect that growth. Uganda exported gold valued almost Shs700 billion or about 5,316kgs in 2015/16 according to statistics from Bank of Uganda (BoU).

However, in the Auditor General's report for 2015/16, there was collection royalty, yet exports were much higher. In fact, the royalties collected were only Shs360m instead of Shs41.88 billion.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.