Uganda anticipates a modest rise in economic growth to around 7% in the upcoming fiscal year, though large-scale oil production remains delayed. Disagreements with international energy firms and infrastructure challenges have pushed back crude production to mid-next year. Finance Minister Matia Kasaija highlighted energy and mining as key growth drivers, aiming for double-digit growth once oil production begins. The government plans to reduce the deficit and prioritize projects like an oil pipeline and refinery. Meanwhile, the World Bank resumes funding after suspending it over an anti-LGBT law.
— new from Reuters
