NRM Caucus Adopts National Sovereignty Bill 2026 to Regulate Foreign Financial Inflows
KAMPALA, UGANDA – The National Resistance Movement (NRM) Parliamentary Caucus has formally adopted the government’s proposal to table the National Sovereignty Bill 2026, a piece of legislation aimed at regulating foreign financial inflows to protect Uganda’s sovereignty.
The decision was announced by the Government Chief Whip, Hamson Obua, following a caucus meeting held at State House Entebbe. Speaking to journalists at Parliament, Obua outlined the government’s rationale behind the proposed Bill, emphasizing that it is not a novel concept but rather a reinforcement of existing legal frameworks.
“The proposed Bill reinforces the standard practice. We were colonised by the British, the UK had similar legislation. So, we are not reinventing the wheel,” Obua explained.
He detailed that the legislation seeks to ensure that funds entering the country serve legitimate purposes and do not pose a threat to national autonomy. “The proposed bill seeks to regulate foreign financial inflows, those inflows coming into Uganda must be for legitimate reasons and not harmful reasons,” he stated.
Obua further linked the proposed law to the constitutional foundation of the country, arguing that it operationalizes Article 1, Sub-article 1 of the Constitution of the Republic of Uganda, which vests all power in the people and affirms their exercise of sovereignty.
“We want sovereignty 100% and we want to secure that through this law. So, those are four good reasons why government through cabinet has approved this bill,” Obua added.
The National Sovereignty Bill 2026 is expected to complement other existing laws by establishing stricter oversight mechanisms for foreign financial inflows, ensuring they do not undermine the country’s independence.
The announcement was accompanied by photographs from the caucus meeting credited to @Parliament_Ug. The bill is now set to be formally introduced before Parliament for consideration.
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