2025-26 Ugandan economy forecasted to grow 10.8% due to commercial crude oil production.
The IMF forecasts Uganda's economy will grow by over 10%, reaching 10.8% in the 2025-26 fiscal year, fueled by the start of commercial crude oil production. The government aims to manage oil revenues effectively through a robust fiscal framework and the newly established Petroleum Fund. Despite challenges like a high current account deficit, Uganda's oil potential positions it as a key player in Africa's energy sector, drawing investor interest.
6 months ago
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