UGEITI July 2020 - June 2022 work plan
The EITI Board accepted Uganda as an EITI member on 12 August 2020.
Uganda is set to become one of the largest oil producers in East Africa. The country has discovered commercially recoverable oil reserves, with current oil exploration work taking place in the Albertine Graben region. Uganda's proven crude oil reserves stand at 6.5 billion barrels with 1.4 billion barrels that are commercially recoverable.
On 28 January 2019, the Cabinet of Uganda approved the decision to apply to join EITI. Uganda aims to use EITI membership to strengthen efforts in ensuring overall transparency in the sector, strengthen tax collection, improve the investment climate, build trust and create lasting value from petroleum and mineral resources.
The main taxes and fees imposed on extractive industry companies in Uganda are capital gains tax, profit tax and royalties. The Uganda Revenue Authority and Treasury are the main bodies responsible for collecting and managing taxes paid to the central government, while the Ministry of Energy and Mineral Development is responsible for sector-specific levies. Uganda has a Petroleum Fund that is managed by the Bank of Uganda according to the Public Finance Management Act (2015). Uganda’s fiscal regime is provided for in the Petroleum Act, the Public Finance and Management Act and the Income Tax Act.
Mining licences are awarded on a ‘first in, first assessed’ basis by the Ministry of Energy and Mineral Development. Petroleum exploration licences are granted through a competitive licencing process.
Uganda is set to become one of the largest oil producers in East Africa. The country has discovered commercially recoverable oil reserves and current oil exploration work is in the country’s Albertine Graben region. International oil companies are on course to achieve a final investment decision on the Lake Albert development project and the East African Crude Oil Pipeline (EACOP). The EACOP, a 1,445 km pipeline that is set to transport oil from Uganda’s Hoima district to Tanzania’s port in Tanga, is set to be the longest heated crude oil pipeline in the world on completion. The government of Uganda is also planning to establish a 60,000 barrel per day refinery in the Hoima district.
The country’s mining sector is largely characterised by artisanal and small-scale mining. The establishment of gold refineries has seen gold exports increase from USD 514.8 million exported in 2018 to USD 1.25 billion worth of gold exported in 2019. There are also projects that are at various stages of development on phosphate, copper and tin.
Uganda joined the EITI on 12 August 2020.
The candidature application was received by the EITI Secretariat on 13 July 2020. Uganda's candidature application form, together with supporting documentation, were approved by the MSG on 2 July 2020.
Below you can find the following documents: