Ramathan Ggoobi, the Permanent Secretary to the Finance Ministry and Secretary to the Treasury has assured the MPs that the share transfer is on course and shall be completed soon.

The Ministry of Finance, Planning and Economic Development (MoFPED) Permanent Secretary/ Secretary To The Treasury, Mr Ramathan Ggoobi has today written to Parliament, clarifying the status of the Government’s 25% shares held in the Munyonyo Commonwealth Resort. In the letter, (Ref AGO/13918/21) addressed to the Clerk to Parliament Parliament Mr Ggoobi explained that the ministry, through whom the shares are held, is at the tail end of finalising the share transfers to the Uganda Development Corporation, the Government of Uganda’s investment arm.   “Reference is made to your letter Ref. AB 215/287/01 dated 5th November 2021 to this office on the…

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