Finance

African Development Bank Warns Gov’t Project Delays Could Attract Penalties

by URN
Akinwumi A. Adesina, African Development Bank President. He says he is still fully committed to the bank. Courtesy photo
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The African Development Bank has threatened to withdraw funding for the project aimed at building the capacity of Ugandans for opportunities in the oil and gas sector, should the government fail to utilize the funds according to the stipulated terms and conditions.     The Bank is funding the East African Crude Oil Pipeline (EACOP) Districts’ Micro, Small & Medium Enterprises (MSME) Busin

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