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Nairobi summit: Museveni warns against using borrowed funds for recurrent costs

NAIROBI, Kenya – President Yoweri Museveni cautioned African nations Thursday against directing borrowed funds toward recurrent expenditures, urging governments instead to prioritize infrastructure projects that drive industrialization. Speaking at the Africa We Build Summit, Museveni said loans should be reserved for productive sectors such as electricity generation, railways and fuel pipelines. He argued that these […]

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