Raymond Baguma
23 November 2008
Kampala — THE Government should increase investments in infrastructure development to accelerate economic growth, Prof. Wasswa Balunywa has advised.
The Makerere University Business School (MUBS) chief argued that Uganda should emulate China, which he said injected $560b in infrastructure to boost economic growth.
Balunywa also implored the Government to address widespread corruption and electricity shortage to overcome the constraints to economic growth.
"Corruption is a leakage in the economy and it is government money lost. But government money is taxpayers' money who are working hard.
"When we talk of wealthy people in Uganda, it is politicians who feature and not businesspeople. Where do the politicians get the money from?" Balunywa questioned.
He said Ugandans had poor work ethics.
He was speaking at the 13th annual international management conference at teh Imperial Resort Beach Hotel Entebbe organised by MUBS.
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