Energy, Oil & GasThe Big Story

An Energy Sector in Disarray: OAG Report Reveals Serious Gaps in Uganda’s Oil & Gas and Electricity Subsectors Auditor General’s FY2024/25 report exposes underused hydropower, fragile transmission assets, a difficult post-UMEME transition, and some gaps in the oil projects.

A photo collage of Energy and Minerals Minister, Ruth Nankabirwa, UEDCL Managing Director, Paul Mwesigwa, and UETCL Managing Director, Eng. Richard Matsiko, and UEGCL Managing Director,Dr. Eng. Harrison E. Mutikanga and Petroleum Authority of Uganda Executive Director, Ernest Rubondo.

For more than a decade, Uganda’s energy sector—under the political stewardship of Ruth Nankabirwa Ssentamu since 2021—has ranked among the government’s top priority sectors, consistently absorbing trillions of shillings in taxpayer funding and, in several budget cycles, commanding well over 5% of the national budget.  Anchored on mega hydroelectric projects, oil and gas development, and ambitious transmission and distribution expansion, the sector has been positioned as a cornerstone of industrialisation and long-term economic transformation. Yet the latest Auditor General’s Annual Report to Parliament for the year ended June 2025 reveals a sector struggling to convert scale into performance.  The report…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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