Research Reports

ILLICIT FINANCIAL FLOWS RISK FACTORS I N UGANDA’S OIL AND GAS SECTOR: A CALL FOR ACTION. Illicit Financial Flows (IFFs) are becoming a real challenge to resource mobilisation for financing development in Uganda and Africa at large. IFFs refers to movement of money and value from one country to another that is illegitimately earned, transferred, and/or utilised. Africa is estimated to be losing USD 50bn in illicit financial flows every year.
Uganda alone is estimated to be losing UGX2trillion per year and it is feared that the situation could get worse with the commencement of commercial oil production. Read More…