Allegations Of Influence Peddling And Bidder Favoritism As Bank Of Uganda Cancels Multi-Billion National Payments Switch Procurement Post-Award If proven true, the influence peddling allegations surrounding the tender cancellation of the National Payments Switch raise serious concerns about procurement integrity, transparency, fair competition and value for money. With the resultant delays, taxpayers risk losing twice—first through questionable procurement decisions and value for money and secondly by missing out on the system’s economic benefits, such as reduced transaction costs and efficiency resulting out of interoperability.

by CEO East Africa Magazine

March 4, 2025March 4, 2025

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Bank of Uganda faces scrutiny after cancelling the National Payments Switch tender, raising concerns over transparency, influence peddling, and procurement integrity. Allegations of favoritism and government interference spark debate on fair competition and financial sector governance in Uganda.