UGANDA: OIL FOR DEBT, AHEAD OF THE 2021 ELECTIONS

UGANDA: OIL FOR DEBT, AHEAD OF THE 2021 ELECTIONS

   Tue, 22 September 2020

Uganda’s president is shaking up his ruling party and undercutting the opposition’s support base ahead of next year’s elections. However, his government is fast running out of funds to maintain spending and service debt. A recent oil pipeline deal will be crucial to allow Uganda to collateralise future crude exports and secure new loans.



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