President Museveni Calls for Egyptian Investment in Uganda's Growing Economy

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Strengthening regional integration through COMESA and the African Continental Free Trade Area  

During the Egypt-Uganda Business Forum in Cairo, President Yoweri Museveni urged Egyptian investors to capitalise on Uganda's economic potential, emphasising their shared Nile heritage as a foundation for stronger trade ties.

With bilateral trade at just $133 million, Museveni highlighted Uganda's transition to lower-middle-income status and its abundant resources—including fertile land, minerals, and a young workforce—as ideal conditions for investment.  

 
Expanding partnerships in agriculture, value-added industries, and infrastructure  
Leveraging Egypt's expertise in vaccine production (evidenced by a planned foot-and-mouth disease factory)  
Strengthening regional integration through COMESA and the African Continental Free Trade Area  

Egyptian President Abdel Fattah El-Sisi affirmed commitment to deeper cooperation, while Uganda's Finance Minister Matia Kasaija noted growing trade ($138 million in 2024) and signed MOUs to boost private-sector collaboration. The forum marked a strategic step toward unlocking mutually beneficial opportunities between the two Nile nations.  

 

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Kajangu Moses

Kajangu Moses is the Chief News Editor at Salt Media, bringing over 20 years of experience as a journalist. With a wealth of knowledge and a sharp editorial eye, he oversees the newsroom with precision, ensuring accuracy, depth, and timeliness in news reporting. His extensive experience allows him to mentor young journalists while maintaining high journalistic standards. Known for his dedication and leadership, Kajangu plays a crucial role in shaping the news narrative, making sure every story reflects credibility, impact, and relevance to the audience.

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