Monday, July 7, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Uganda’s corruption woes threaten foreign investment in East Africa

Corruption in Uganda sparks concern for foreign investors after Vasundhara Oswal's detention, threatening East Africa's economic growth

by OUR REPORTER | UG STANDARD
10/03/2025
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Vasundhara Oswal, an Indian-Swiss businesswoman, speaks out against corruption in Uganda following her illegal detention and arrest in October 2024
Vasundhara Oswal, an Indian-Swiss businesswoman, speaks out against corruption in Uganda following her illegal detention and arrest in October 2024

KAMPALA – Uganda’s reputation as an attractive destination for foreign investment is under threat due to rampant corruption, experts warn.

The East African nation has been marred by high-profile cases of corruption, including the recent detention and arrest of Vasundhara Oswal, an Indian-Swiss businesswoman and key investor in the region.

Related posts

Webb Ellis Cup Makes Historic First Visit to Uganda, Igniting Rugby Fever Ahead of Africa Cup

06/07/2025
174
Makerere University announces undergraduate admissions for the 2025-26 academic year. Learn about eligibility for A' Level leavers, application procedures, fees, and the May 20 deadline. Apply online.

High Court Nullifies Lecturer’s Reinstatement at Makerere

06/07/2025
162
Uganda's President Museveni, nominated for 2026, outlines a six-point agenda for his next term, prioritizing economic transformation, security, and infrastructure

Museveni unveils six-point plan for next term

06/07/2025
180
Ninety officers of the Uganda Peoples' Defence Forces (UPDF), including 10 women, gather for a group photo after successfully completing the Grade III Staff Course at the Junior Staff College in Jinja.

90 UPDF Officers Complete Junior Staff Course

06/07/2025
168

Oswal was illegally detained and forcibly removed from her work site on October 1, 2024, without any warrants, under unclear circumstances. During her detention, she faced difficult conditions, including no access to food, water, medical care, and legal representation.

Despite a high court-ordered release and Uganda’s own disregarded constitution, which clearly states that a person cannot be detained for more than 48 hours, Oswal was held for an additional 72 hours before being presented to Luwero magistrate court, located 65 kilometers north of the capital city Kampala.

She was slapped with a capital charge without even a shred of evidence being presented against her.

Even after the allegedly missing person was found, the capital charges were kept on Oswal for an additional two weeks, during which time she was still kept in a jail for convicted murderers in horrific conditions.

The charges were later withdrawn by the Director of Public Prosecutions and replaced with a misdemeanor charge on December 16, 2024. However, experts say that the incident has raised important questions about the safety and security of investors in Uganda.

The incident has also raised concerns about the role of corruption in Uganda’s justice system. A video of the main Investigation Officer, Mr. Baale Thomas, on the case, appears to show that the charges against Oswal were fabricated.

“Transparency and accountability are critical in maintaining the region’s attractiveness for global investors,” said a member of the Oswal family. “Addressing governance challenges will not only help improve investor confidence but also ensure that economic growth continues across the East African Community.”

The East African Community (EAC) has a role to play in fostering a stable and predictable investment environment, experts say. Strengthening governance and legal protections will reinforce the region’s economic credibility and support long-term growth.

Some investors, including the Oswal family, have opted to relocate planned investments to Tanzania, which is seen as offering a more predictable business landscape.

“This is not just about one investor’s experience. It is about ensuring a business environment that supports investment and economic development,” said Vasundhara Oswal. “A stable and transparent system benefits all stakeholders, fostering confidence in the region’s future.”

Uganda has faced widespread criticism for its human rights record, including the detention of opposition leader Kizza Besigye Kifeefe. The country has also faced criticism for the behavior of its military leaders, including the president’s son, Muhoozi Kainerugaba, who has been accused of making threatening statements online.

With foreign direct investment serving as a major contributor to economic expansion, EAC nations can work collectively to strengthen investment conditions. Addressing governance concerns will support continued investor interest and regional growth, ensuring that East Africa remains a key destination for international business.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: AccountabilityCorruptionEast africaeconomic growthForeign investment.GovernanceHuman Rightsinvestor confidenceTransparencyUgandaVasundhara Oswal

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
305

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
618
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1.1k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
497
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4368 shares
    Share 1747 Tweet 1092
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3971 shares
    Share 1588 Tweet 993
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2664 shares
    Share 1066 Tweet 666
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3323 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1784 shares
    Share 714 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Webb Ellis Cup Makes Historic First Visit to Uganda, Igniting Rugby Fever Ahead of Africa Cup

06/07/2025
Makerere University announces undergraduate admissions for the 2025-26 academic year. Learn about eligibility for A' Level leavers, application procedures, fees, and the May 20 deadline. Apply online.

High Court Nullifies Lecturer’s Reinstatement at Makerere

06/07/2025
Uganda's President Museveni, nominated for 2026, outlines a six-point agenda for his next term, prioritizing economic transformation, security, and infrastructure

Museveni unveils six-point plan for next term

06/07/2025
Ninety officers of the Uganda Peoples' Defence Forces (UPDF), including 10 women, gather for a group photo after successfully completing the Grade III Staff Course at the Junior Staff College in Jinja.

90 UPDF Officers Complete Junior Staff Course

06/07/2025

Stanbic Donates mama kits in run up to World Population Day

05/07/2025
KCB Bank Uganda launches "Kyaddala ne KCB" campaign to reward savers with school fees, shopping vouchers, land, and more, fostering financial wellness nationwide.

KCB Bank to give out school fees, shopping vouchers to savers in new campaign

05/07/2025
Luis Alfredo Pérez, Yara Executive Vice President for Africa and Asia giving his address at the launch of Agri-hub

Yara, Asili Partner to Launch Farmer Knowledge Center in Kiryandongo

05/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Webb Ellis Cup Makes Historic First Visit to Uganda, Igniting Rugby Fever Ahead of Africa Cup
  • High Court Nullifies Lecturer’s Reinstatement at Makerere
  • Museveni unveils six-point plan for next term
  • 90 UPDF Officers Complete Junior Staff Course
  • Stanbic Donates mama kits in run up to World Population Day
  • KCB Bank to give out school fees, shopping vouchers to savers in new campaign

OpED

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d