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.