Uganda should spend its anticipated oil revenue on projects that can spur the economy and create employment for its young and fastgrowing population if it is to avoid the pitfalls of other countries where oil revenues have ended up funding "white elephants," the Central Bank Deputy Governor, Dr. Louis Kasekende, has warned.
Uganda: Oil Money Could Hurt Economy - Bank Chief
New Vision (Kampala), 20 February 2013
Uganda should spend its anticipated oil revenue on projects that can spur the economy and create employment for its young and fastgrowing population if it is to avoid the pitfalls of other countries where oil revenues have ended up funding "white elephants," the Central Bank Deputy Governor, Dr. Louis Kasekende, has warned.
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