Uganda, Jan. 28 -- The government audit room is currently buzzing with inquiries surrounding the lack of evidence of government's control over its stake in Munyonyo Commonwealth Resort Ltd (MCWRL), an investment that incurred a cost of more than Shs15 billion 17 years ago.

The state records of the takeover of a 25 percent stake in MCWRL, according to details in the 2022/2023 Financial Year auditor general report, shows that the process of acquiring certification of shares is not yet completed by the Uganda Development Corporation (UDC), the country's investment entity.

Auditor General (AG) John Muwanga noted in an assessment thus: "I observed that on December 6, 2021, the Executive Director forwarded the transfer of share stock forms ex...