UGANDA: OIL PROSPECTS BOLSTER ECONOMY AMID ELECTION STABILITY AND INSECURITY RISKS
Wed, 11 June 2025
The World Bank has resumed lending to Uganda after a two-year freeze in response to anti-homosexuality legislation. The development of the oil sector and infrastructure investments are expected to buoy Uganda’s economic outlook, raising prospects for growth in the coming years. However, short-term political instability ahead of the 2026 election, as well as persistent security risks, will continue to weigh on investor confidence.
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