Uganda: ‘Country to Retain Most Oil Proceeds’

Uganda will retain a larger share of all the money from the sale of the petroleum produced from Western Uganda, according to the State Minister for Energy and Mineral Development, Mr Kamanda Bataringaya.

Mr Kamanda’s claim is the first revelation of what the country will earn from its newly discovered resource amidst speculation and fears that Uganda might be cheated out of its bounty and its citizens left poor like it has happened in many African countries.
AllAfrica