Wednesday, 2 July 2014

Buganda Kingdom seeks share of oil wealth

Uganda’s traditional and powerful Buganda Kingdom has floated the idea of a 1% share of the oil wealth being reserved for “cultural institutions”, a term that refers to traditional leadership structures.
Buganda MPs are considering seeking an amendment to the Public Finance Bill, which currently allows for 93% of the revenues to be reserved for central government and 7% to accrue to oil producing districts.
The Buganda Kingdom - led by Ronald Muwenda Mutebi II (b. 1955) who is the current king or Kabaka of Buganda - covers 18 counties. Hoima County lies to its west. Although the king has few formal powers, it has historically been a key centre of power in Uganda since pre-colonial times.
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