Edward Sennoga, Second Lead Economist for the AfDB’s East African office said there is an opportunity for Uganda to earn from its newly found oil but time was running out.
According to Musingizi, a staggering Shillings 50 billion has been lost in this sector, as revealed by a recent tax investigation exercise. This substantial sum was accumulated from just seven buildings that were audited. "I have already audited 7 arcades, and the accumulated amount is up to Shillings 50 billion. Now if I am to audit all the arcades, they might end in closure. So let us do the right thing going forward," he stated.
