Updated
Updated · Bloomberg · May 6
Ugandan lawmakers pass bill penalising unapproved foreign funding
Updated
Updated · Bloomberg · May 6

Ugandan lawmakers pass bill penalising unapproved foreign funding

11 articles · Updated · Bloomberg · May 6
  • Passed late Tuesday, the Protection of Sovereignty Bill sets a 2 billion shilling fine for organisations and up to 10 years in prison for individuals.
  • The legislation was approved despite strong opposition resistance and targets those accused of engaging in what it calls economic sabotage through foreign funding without government clearance.
  • The government says the measure protects sovereignty, while critics are likely to see it as tightening state control over foreign-backed groups and individuals.
Could Uganda's new anti-foreign funding law accidentally trigger a capital flight and collapse its own economy?
President Museveni initiated a harsh bill, then softened it. What will his final decision reveal about his true agenda for Uganda?