Uganda's 'Protection of Sovereignty' Bill Sparks Controversy Amid Economic Concerns

Uganda's President Museveni has enacted a controversial law, termed the 'Protection of Sovereignty,' aimed at reducing foreign influence, despite economic concerns raised by the central bank and World Bank. The law requires foreign agents to register and restricts policy work for foreign interests, carrying severe penalties for violations.

Uganda's President Yoweri Museveni has signed a contentious legislation into law, aimed at curbing foreign influence in the country. The enactment comes amidst considerable criticism, notably from the central bank, concerning potential economic repercussions.

The newly approved 'Protection of Sovereignty' bill criminalizes promoting foreign interests over Uganda's and mandates foreign agents register with authorities. It also imposes restrictions on policy development for foreign interests without government consent, with violators facing up to 10 years in prison and heavy fines.

Central Bank Governor Michael Atingi-Ego cautioned that the law could lead to reduced financial flows and a depletion of foreign exchange reserves, describing the situation as an 'economic disaster for our country.' The World Bank echoed his concerns, highlighting the potential criminal liability on routine development activities.