PAC & COSASE Praise Uganda Properties Management for Overseeing Assets Worth Billions

What the report says

Members of Uganda’s Public Accounts Committee (PAC) and Committee on State Agencies and Statutory Enterprises (COSASE) are in Mombasa carrying out oversight on Uganda Property Holdings Limited (UPHL), according to SoftPower News. The lawmakers are examining the Auditor General’s observations for the 2024/25 financial year and reviewing how the state-owned company is managing its portfolio of properties.

The article says the committee, led by COSASE Chairperson Nkunyingi Muwada, inspected 24 properties owned by UPHL. Their visit is part of Parliament’s broader effort to assess the condition, use and administration of public assets, especially those with significant financial value.

SoftPower News reports that the MPs praised Uganda Property Management for overseeing assets worth billions, suggesting the company has maintained or protected key holdings under its stewardship. The article does not provide the full details of the committee’s findings, but it places the visit in the context of parliamentary scrutiny of state agencies and accountability for public resources.

The development matters because UPHL manages important government property interests, and oversight by PAC and COSASE can influence how such assets are accounted for and safeguarded. In general, this kind of review helps lawmakers identify gaps in asset management and follow up on audit concerns.