This should help the country promote domestic tourism ahead of the seasonal foreign clientele. In the end, the fear that the anti-gay law has created will find an economy that continues to promise a lot but is only held back by the high level of bureaucracy and the deeply-rooted corruption in government corridors.
We should only get worried if companies decide to pack up and leave because of the law. There is a lot that could influence an exodus of that nature, and an anti-gay law cannot be one of them. Norway has Norwegian firms like Tronder Power, which is in charge of a power plant at Bugoye in western Uganda.
France, which says it is concerned by Uganda's legislation on homosexuals, has Total E&P, one of the biggest multinational firms in the country, exploring for oil in Albertine grabben.
So, let's all relax and wait for this anti-gay hullabaloo to simply pass on. Whichever side you are on, there are surely more urgent matters to fix within the economy than worry about sex of whatever nature.
The author is the business editor at The Observer