Ann: Trading Halt, page-100

Sound familiar - a complicated land tenure system

President Yoweri Museveni and government officials vocally welcome foreign investment in Uganda. However, the government’s actions do not always align with its rhetoric. The closing of political and democratic space, poor economic management, endemic corruption, growing sovereign debt, weak rule of law, growing calls for protectionism from some senior policymakers, and the government’s failure to invest adequately in the health and education sectors all create risks for investors. U.S. firms often find themselves competing with third-country firms that cut costs and win contracts by disregarding environmental regulations and labor rights, dodging taxes, and bribing officials. Shortages of skilled labor, a complicated land tenure system, and increased local content requirements also impede the growth of businesses and serve as disincentives to investment.

https://www.state.gov/reports/2023-investment-climate-statements/uganda/