Uganda: Kaberuka Tips Uganda On Oil

The president of the African Development Bank, Donald Kaberuka, has advised Uganda to exploit her oil and natural gas resources in an optimal manner if the country is to avoid repeating the mistakes the first generation African oil and gas producers like Nigeria have made over the last four decades.

Kaberuka who on Nov. 6 was giving a public lecture organized by Bank of Uganda with the theme, "From Economic Growth to Economic Transformation: An Agenda of the African Development Bank," said if Uganda exploited her newly found oil wealth well and optimally she would realize the economic transformation the country is yearning for.

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