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Uganda: Oil wealth can create new economies - Experts

Posted on 29 August 2011

Uganda should invest oil revenues in Sovereign Wealth Fund (SWF) and at least developing one new economy, if it is to avoid the so called oil curse, oil experts have urged. Experts contend that the development could be geared to areas like tourism, real estate or airlines so long as it is targeted to particular activities especially projects that bring return to the country.
Sovereign Wealth Fund is a pool of money derived from a country’s reserves, which are set aside for investment purposes that will benefit the country’s economy and citizens……………………………………….Full Article: Source

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