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Uganda: Is Oil Discovery in Uganda an Opportunity or a Looming Curse?

Summary by allAfrica
As Uganda stands on the brink of an oil era, the world watches. Will it emulate the model of Norway, which used oil wealth to build a trillion-dollar sovereign-wealth fund? Or will it fall victim to the "resource curse," where abundant natural resources breed corruption, inequality and economic fragility?

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allAfricaallAfrica
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Uganda: Is Oil Discovery in Uganda an Opportunity or a Looming Curse?

As Uganda stands on the brink of an oil era, the world watches. Will it emulate the model of Norway, which used oil wealth to build a trillion-dollar sovereign-wealth fund? Or will it fall victim to the "resource curse," where abundant natural resources breed corruption, inequality and economic fragility?

·South Africa
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allAfrica broke the news in South Africa on Tuesday, November 4, 2025.
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