Uganda on an infrastructural drive - CNBC Africa

Uganda on an infrastructural drive

East Africa

by Trust Matsilele 0

Uganda is going to use its oil to improve the country's infrastructure projects, says Museveni.

Uganda’s President Yoweri Museveni has called for improved infrastructural projects in the east African region adding this would help facilitate trade.

“Producers and consumers must be linked by roads, telecoms and railway systems and this requires increased infrastructure,” Museveni told CNBC Africa in an exclusive interview.

Museveni was defiant on the country’s prioritisation saying Uganda “shall build the infrastructure one way or the other”.

(READ MORE: Uganda’s president on winning back skills, dealing with power shortages)

“We are building the infrastructure using our own resources and also through other traditional sources such as the World Bank, Africa Development Bank and the Chinese.”

He added that the country’s political leadership was speaking with one voice.

“The infrastructural programmes are progressing very well; we had to convince our parliament to prioritise infrastructure over other areas such as increasing salaries of public servants,” he said.

Uganda’s strongman added that the country’s oil deposits expected to be extracted from 2017 would also be used for infrastructural projects.

Responding to the move towards a single currency in the region, Museveni said much progress had been made.

“As far as I know, there were no obstacles, after the monetary union we are going for the political federation in the region because these are the land marks for our region,” he said.  

Museveni said the country and the region were making inroads.

“I don’t see any areas that require major attention but once in a while we see problems of non-compliance and non-tariff barriers,” he added.

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