Uganda Wants Chinese-Built Infrastructure Paid for With Oil

Uganda will offer most of its infrastructure projects to Chinese companies because they can be repaid from future oil revenue, unlike Western businesses that expect advance payment, the Prime Minister’s office said.

Uganda, classified as one of the world’s poorest countries by the World Bank, is on the verge of an oil boom after the discovery of crude in 2006. The government is seeking investment in improving electricity generation and transportation networks to drive economic growth intended to propel the country to middle-income status by as early as 2016.