Although Uganda is attracting a lot of Foreign Direct Investment, the Finance ministry in 2014 estimated that the country is losing about $400 million (about Shs1.05 trillion) annually in capital outflows, in form of dividend payments to shareholders. Owing to economic liberalisation, there are many multinational companies operating in Uganda in the energy, agriculture, oil, and manufacturing, among others.
Government says it is time to stem capital flight by placing the betting sector under its grip.
However, the industry players are suspicious of the government’s intentions
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