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Countries Position in Ease of Doing Business Falls

Uganda’s position in ease of doing business has fallen to 111 from 107 in 2007, the Commercial Court’s Justice Geoffrey Kiryabwire has said, writes David Muwanga.

“We have slipped as a destination for investment. We need an effective commercial legal system to enforce contracts and improve the investment climate.”

“Poor contract enforcement is a disincentive to economic growth. We have few judicial officers. This has created a backlog of cases, which is a cancer because it holds up capital if disputes cannot be resolved in a short period,” he said while presenting a paper at a workshop organized by the Uganda Investment Authority (UIA) at Hotel Africana in Kampala.