The government had hoped that listing its securities on the FTSE Frontier Emerging Markets Index in June 2023 would open up taps for the flow of foreign currency.
In the 2024/25 fiscal year, Uganda plans to direct a greater share of development expenditure to improving roads, railways and infrastructure in the oil and gas sector.
The House Committee on National Economy has equated some of the government’s borrowing at commercial rates to clear loan obligations to a “Ponzi scheme”
The House Committee on National Economy has equated some of the government’s borrowing at commercial rates to clear loan obligations to a “Ponzi scheme”