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Tag Archives: Petroleum Revenue Investment Reserve

Auditor General queries absence of Petroleum Investment Framework

Kampala, Uganda | THE INDEPENDENT  | The Auditor-General John Muwanga has queried the absence of a Petroleum Investment Framework to guide investment of funds under the Petroleum Revenue Investment Reserve in Bank of Uganda. While presenting his audit report for the year ended December 2019 to Speaker of Parliament Rebecca …

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Uganda’s petroleum fund not growing

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the government to put in place a Petroleum Investment framework to guide the investment of funds from the Petroleum Revenue Investment Reserve. The decision followed a report indicating that the Petroleum Fund was not growing because funds therein were used to …

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