Investment laws, challenges and prospects in Uganda
Uganda has an investment regulatory framework in place. However, following the enactment of the Anti Homosexuality Act early 2024, many donors withdrew their financial support for government programs. This has led to high taxes to obtain revenue for financing government activities which has negative...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nomos Verlagsgesellschaft mbH & Co. KG
2024-10-01
|
| Series: | KAS African Law Study Library |
| Online Access: | https://www.nomos-elibrary.de/10.5771/2363-6262-2024-3-396 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850203891909525504 |
|---|---|
| author | Asiimwe Jackline |
| author_facet | Asiimwe Jackline |
| author_sort | Asiimwe Jackline |
| collection | DOAJ |
| description | Uganda has an investment regulatory framework in place. However, following the enactment of the Anti Homosexuality Act early 2024, many donors withdrew their financial support for government programs. This has led to high taxes to obtain revenue for financing government activities which has negatively affected both national and foreign investments. This has resulted into closure of some investments, while the remaining ones are struggling to survive. The other challenges include: corruption, lack of financial and technical knowhow, capacity among nationals, lack of law abiding culture and the gaps in the existing legal framework. The study recommends the utilization of existing portals to report corruption; investing in capacity building of nationals; use of the Alternative Dispute Resolution (ADR) at the High Court Commercial Division, and use of the growing market. This study examines the investment laws, points out gaps, challenges, and prospects. |
| format | Article |
| id | doaj-art-2cdda8a85f1e45c5ac7ebfdb8741f7ad |
| institution | OA Journals |
| issn | 2363-6262 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Nomos Verlagsgesellschaft mbH & Co. KG |
| record_format | Article |
| series | KAS African Law Study Library |
| spelling | doaj-art-2cdda8a85f1e45c5ac7ebfdb8741f7ad2025-08-20T02:11:24ZengNomos Verlagsgesellschaft mbH & Co. KGKAS African Law Study Library2363-62622024-10-0111339640810.5771/2363-6262-2024-3-3961057712363626220243396Investment laws, challenges and prospects in UgandaAsiimwe JacklineUganda has an investment regulatory framework in place. However, following the enactment of the Anti Homosexuality Act early 2024, many donors withdrew their financial support for government programs. This has led to high taxes to obtain revenue for financing government activities which has negatively affected both national and foreign investments. This has resulted into closure of some investments, while the remaining ones are struggling to survive. The other challenges include: corruption, lack of financial and technical knowhow, capacity among nationals, lack of law abiding culture and the gaps in the existing legal framework. The study recommends the utilization of existing portals to report corruption; investing in capacity building of nationals; use of the Alternative Dispute Resolution (ADR) at the High Court Commercial Division, and use of the growing market. This study examines the investment laws, points out gaps, challenges, and prospects.https://www.nomos-elibrary.de/10.5771/2363-6262-2024-3-396 |
| spellingShingle | Asiimwe Jackline Investment laws, challenges and prospects in Uganda KAS African Law Study Library |
| title | Investment laws, challenges and prospects in Uganda |
| title_full | Investment laws, challenges and prospects in Uganda |
| title_fullStr | Investment laws, challenges and prospects in Uganda |
| title_full_unstemmed | Investment laws, challenges and prospects in Uganda |
| title_short | Investment laws, challenges and prospects in Uganda |
| title_sort | investment laws challenges and prospects in uganda |
| url | https://www.nomos-elibrary.de/10.5771/2363-6262-2024-3-396 |
| work_keys_str_mv | AT asiimwejackline investmentlawschallengesandprospectsinuganda |