By Mugisa Isaac Mathias
The government has been advised to step up the fight against corruption in Uganda if the country wants to attract more foreign investors.
The chairperson Uganda transparency international and ant-corruption NGO, Martin Okumu has noted that high levels of corruption in Uganda have spoilt the county’s reputation and made many people desist from considering investing in Uganda.
Okumu says Uganda continued to be perceived as one of the most corrupt countries in the world in the latest transparency international report released yesterday.
Uganda was ranked as the 27th corrupt among the 47th sub-sahara African counties surveyed in the annual exercise that measures the Corruption perception Index of a particular country.
He says the rate of corruption in the country is worrying and many business people are worried of undertaking business in Uganda. Okumu says that some of few investors that come will be attracted in the country with interest to connive with corrupt public officials to reap the countries tax payers’ money.
But the global investment report of 2010 still puts Uganda ahead of all East Africa community member states in attracting foreign investors to the country, and licensing a big portfolio of foreign businesses.