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BoU, NPA warn against oil spending spree as Uganda prepares for production

KAMPALA — Top government officials have cautioned against an oil-fuelled spending surge, warning that Uganda must prioritise fiscal discipline, savings and diversification as it prepares to join the ranks of oil-producing nations. Speaking during a high-level economic discussion last week, Bank of Uganda Deputy Governor Prof Augustus Nuwagaba said while oil and mineral wealth present […]

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