Bank of Uganda to manage oil revenues

According to this article published by The East African on Monday 7 August, Uganda is finalising the setting up of a Petroleum Fund to manage revenues expected from recently-discovered oil fields in the country.

"The proposed fund is contained in a draft National Oil and Gas Policy to be managed by the Bank of Uganda," the article says.

"Exactly how the fund will be managed without political interference is yet to be worked out."

According to a draft, the central bank's role will be to control t

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