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Foreign Direct Investment in East Africa at Risk as Corruption in Uganda Comes Under Global Scrutiny

Summary by Watchdog Uganda
The investment climate in East Africa is undergoing scrutiny as concerns emerge regarding governance and transparency in Uganda. Recent developments, including the case of the illegal detention and arrest of Vasundhara Oswal, an Indian-Swiss businesswoman and key investor in the region, have brought attention to the need for stronger investor protections and regulatory oversight to ensure a stable business environment within the East African Co…
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Watchdog UgandaWatchdog Uganda
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African Media AgencyAfrican Media Agency

Foreign Direct Investment in East Africa at Risk as Corruption in Uganda Comes Under Global Scrutiny

The investment climate in East Africa is undergoing scrutiny as concerns emerge regarding governance and transparency in Uganda. Recent developments, including the case of the illegal detention and arrest of Vasundhara Oswal, an Indian-Swiss businesswoman and key investor in the region, have brought attention to the need for stronger investor protections and regulatory oversight to ensure a stable business environment within the East African Co…

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peopledaily.digitalpeopledaily.digital

EAC urged to set up fund to spur petroleum sector

East African Community (EAC) partner states have been asked to set up a development fund to fast-track the development of the region’s petroleum industry. Hussein Ali Mwinyi, president of Tanzania’s Zanzibar said the establishment of the regional petroleum development fund should be prioritised as inadequate funding remains a major barrier to growth in the sector. […]

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peopledaily.digital broke the news in on Monday, March 10, 2025.
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