The Minister of State for Investment and Privatization, Evelyn Anite, has revealed that investment brokers are approaching her almost on daily basis to bribe her not to expose investors to information that they are entitled to free land.
She disclosed this while appearing before the Parliamentary Committee on Finance to defend the investment code bill 2017.
Anite asked the Parliamentary Finance Committee t to approve the Investment code bill 2017 to cut off the middle men who have been fueling corruption in the process of attraction of investors in the country.
She told the committee that she gets attempts for corruption from middle men who bring investors almost on daily basis and when she blocks them is accused being unfair them.
Anite said that the new investment code bill which is under scrutiny will eliminate corruption since there will be one stop center to clear and verify investors to do away with investment brokers who have been promoting corruption yet they are not even recorganised by any law.
The Minister of State for Planning, David Bahati, said that the bill under review states that no foreign investor will be allowed to invest or participate in the operation of any investment activity in Uganda before registration with the authority and those who contravene the provision will be fined 20 million shillings or be jailed for a period not exceeding four years or both.
