Why Uganda’s economy is dominated by multinational capital
and what cannot be done about it
So we come to our third
and last instalment on how post-1986 Uganda cultivated groups and interests
hostile to local firms. First to be discredited were local banks, followed by
locally owned construction firms. They were accused of doing “shoddy work” at a
high price. New procurement laws requiring international competitive bidding
effectively locked them out of key contracts.