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Uganda's Oil Dream and Its Lasting Legacy | Uganda News
Uganda’s long-awaited oil dreams are finally taking shape—with the official naming of its crude “Pearl Sweet,” a nod to both national pride and industry standards. But the real test lies ahead: can this resource truly fuel lasting economic growth? While early development has sparked jobs and infrastructure in regions like Albertine, actual revenue remains uncertain, tied to global prices and complex agreements. Experts predict oil could peak at just 2.8% of GDP by the early 2030s—far from transformative. The true success will hinge on how wisely Uganda manages these revenues, using them to…
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