The US has issued a business advisory warning investors and organizations to be aware of potential financial risks resulting from endemic corruption in Uganda.
The business advisory from Biden administration follows that of UK government issued last week following a tragic incidence that claimed life of one of its own citizens in Queen Elizabeth National park.
In a communique issued on 23rd of this month the US noted that there are risks associated with interferences and intimidation of the judiciary, use of influence in the courts, state policing and corruptive systems.
The communique further stated the issue of investors who might be obstructed by Anti-Homosexuality Act (AHA), facing violence or where landlords evict private and commercial tenants based on unsubstantiated claims about homosexuality behaviors.
It is important to highlight many failed business projects like the Modern Housing Super Futuristic City with a Senegalese show-biz mogul Akon, the New-Hydrogen technology project signed with Howard Terrence, a movie star and or Kanye West’s failed project of building a Jurassic park to boost tourism. They were all flagged by despot Museveni but ended up being white elephants.
In 2021 the Chinese government decided to take control of Entebbe Airport operations after loan default by Uganda government. Criminal despot Museveni later sent a delegation to renegotiate the deal but Chinese called him off saying he is a corrupt ruler that does not honor his promises.
Criminal despot Museveni and his closest cronies have frequently engaged in corrupt practices with impunity, and many corruption cases have been pending for years, an environment US government said hinder business prospects, prevent healthy competition and cement corruption.
Museveni created an institutionalized corruption that kills business to his own profits. He lost the credibility of the west and he is now going to dance to the tune of being a reckless bloody ruler.
