Reuters reports that escalating government borrowing against projected oil revenues is inflating Uganda's debt and worsening poverty

MineLife
Reuters reports that escalating government borrowing against projected oil revenues is inflating Uganda's debt and worsening poverty. Uganda is East Africa's third biggest economy, but is borrowing against its crude oil reserves, mostly from China, even before it starts production. The fear of economists and legislators is that China could be using its generous loan packages to gain substantial leverage in the country.

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
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Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).