Bank of Uganda is in the news as Uganda debates a Sovereignty Bill that could jail up to 20 years for promoting “foreign interests” and curb overseas funding. Central bank, 1966, govt-owned but independent.
Parliament has passed the Protection of Sovereignty Bill after amendments, with Museveni approving the measure. The law tightens controls on foreign-funded actors, introduces penalties, and aims to shield policy autonomy. Critics warn it risks suppressing civil society, media, and dissent while supporters say it defends national sovereignty.