I recently spoke to Uganda’s Shadow Minister for Finance, Albert Charles Okello Oduman, an opposition Member of Parliament from the Forum for Democratic Change party.
He makes a powerful case in support of the so-called Publish What You Pay principle and offers his support to recently passed legislation in the US: “We have a good opportunity to borrow what happened in the US…and compel companies to disclose whatever payments they make”.
Mr Oduman is pushing for Uganda to implement its own comprehensive oil law in the next parliament following elections in February, but it is clear that countries that host companies on their stock exchanges also have a critical role to play. It is people like Mr Oduman who will be able to hold their governments accountable when full transparency over oil, gas and mining payments is finally achieved.
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