OPEN// Sisi: Uganda is Egypt's key partner in southern Nile Basin
President Sisi's remarks came during his speech at the Egypt-Uganda Businessmen Forum, which was inaugurated Tuesday in the presence of Ugandan President Yoweri Museveni.
Sisi also lauded the organization of the forum, which brings together leading business figures from both countries.
He noted that the forum reflects the depth of the extended bonds of friendship between Egypt and Uganda, as well as their firm determination to expand partnerships across various fields of cooperation for the benefit of their peoples.
Egypt looks forward to enhancing economic cooperation and increasing the volume of trade exchange, which reached about $133 million in 2024, and expected to double this figure, President Sisi said.
He underscored the need for accelerating the formation of the Egyptian-Ugandan Joint Business Council, increasing the exchange of business delegations, and encouraging companies in both countries to boost their exports — particularly in sectors like agriculture, pharmaceuticals, building materials, electrical appliances, and other products that meet the needs of markets.
The president noted that the forum is a practical step toward translating the strength of bilateral political relations into concrete projects that benefit Egyptian and Ugandan peoples, based on a win-win approach.
Sisi said the private sector and entrepreneurs in both countries should be the driving force of partnership in economy, trade, and investment, while the role of governments is to provide the legal and political frameworks that enable these partnerships to thrive.
President Sisi reaffirmed that Egypt, as always, extends its hand to Uganda — as a partner, brother, and friend — within a framework of mutual respect and shared interests. (MENA)
K F E/M N E
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
43 minutes ago
- Daily News Egypt
Egyptian, Jordanian ministers talk cooperation at 33rd Joint Higher Committee session
Egypt's planning minister and her Jordanian counterpart have discussed joint efforts to achieve economic development and enhance growth and employment policies during the 33rd session of the Egyptian-Jordanian Joint Higher Committee in Amman. Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Zeina Toukan, Jordan's Minister of Planning and International Cooperation, to discuss strengthening the partnership between their ministries, the Egyptian ministry said in a statement. Al-Mashat affirmed the Egyptian state's keenness to continue developing relations between the two countries, which she said enjoy direct support from their respective political leaderships to achieve economic integration. The ministers discussed activating an executive programme signed between Egypt's Institute of National Planning (INP) and the Jordanian Ministry of Planning and International Cooperation. Al-Mashat highlighted the pivotal role of the Joint Higher Committee, the oldest of all Arab bilateral higher committees, in supporting and strengthening joint economic, trade, investment, and cultural relations. She welcomed the cooperation and exchange of expertise in development planning and sustainable development, noting that a Memorandum of Understanding signed in August 2023 covers areas such as strategic planning, governance, and competitiveness. The two ministers also discussed the possibility of exchanging expertise on their efforts to implement the recommendations of the 'Public Governance Review,' which was launched by both countries in cooperation with the Organisation for Economic Co-operation and Development (OECD). Additionally, they discussed joint coordination in international forums to advance global efforts to implement the outcomes of the 4th International Conference on Financing for Development, especially regarding reforms of the global financial architecture and the United Nations system.
Daily News Egypt
43 minutes ago
- Daily News Egypt
Egypt's electricity minister, Copelouzos Group discuss progress on Egypt–Greece power interconnection
Minister of Electricity and Renewable Energy Mahmoud Essmat met with Dimitris Copelouzos, Chairperson of Greece's Copelouzos Group, and his accompanying delegation to review the latest progress on the Egypt–Europe electricity interconnection project via Greece. The meeting, held at the ministry's headquarters in the New Administrative Capital, also explored opportunities for expanded cooperation in new and renewable energy. The project is part of Egypt's national strategy to transform the country into a regional hub for energy exchange, diversify energy sources, maximise returns from natural resources, and strengthen the resilience and stability of the national power grid through interconnection with neighbouring countries. The discussions covered developments in the direct electricity link with Greece, the potential for exporting renewable energy to Europe, and the establishment of large-scale solar and wind power projects in line with Egypt's renewable energy expansion plans. Topics included potential project sites, proposed transmission line routes, results of meetings between the Egyptian and Greek grid operators and the project developer, tendering procedures, European offers, and measures to reinforce the unified grids in both countries to handle additional capacities for transmission to the European network. Essmat described electricity interconnection projects as 'bridges of friendship' that promote sustainable development partnerships. He stressed that linking to Europe through Greece would strengthen Egypt's position as a regional energy hub and boost the economic value of its renewable energy resources. The minister highlighted the Egypt–Greece project as a strategic component of a broader plan to connect with neighbouring countries and ultimately integrate with the European grid. He underscored the importance of interconnection projects—especially the Greek link—in line with President Abdel Fattah Al-Sisi's vision and the government's policy to consolidate Egypt's role as an energy hub in the Eastern Mediterranean. Essmat emphasised that the ministry is following a clear plan to maximise returns from renewable energy and ensure its optimal management and utilisation. The minister noted that electricity interconnection and energy exchange help achieve a balanced energy mix, particularly for renewables, while delivering economic benefits for all participating countries and stakeholders. He stressed that Egypt remains committed to renewable energy as a cornerstone of its electricity mix, diversifying generation sources, leveraging natural resources, and fostering mutually beneficial international partnerships.
Daily News Egypt
43 minutes ago
- Daily News Egypt
Egypt, China ink $1bn agreement for Sailun tire plant in SCZONE
Egypt's Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of an agreement between China's Sailun Group and TEDA Egypt to establish a major tire manufacturing plant in the Suez Canal Economic Zone (SCZONE). The ceremony, held at the government headquarters in the New Administrative Capital, was attended by Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Walid Gamal El-Din, Chairperson of SCZONE. The contract was signed by Cao Hui, CEO of TEDA Egypt, and Shi Shaohong, Chairperson of Sailun Tire Group. The $1bn (around EGP 50bn) project will be developed in three phases over a 350,000 sqm site within the Sokhna Integrated Zone of SCZONE, managed by TEDA Egypt. Construction is scheduled to be completed within three years. The first phase—set for completion in 2026—will produce 3 million passenger car tires and 600,000 truck and bus tires annually. Once fully operational, the plant's total annual capacity is expected to exceed 10 million tires, serving both domestic demand and export markets. Madbouly said the project reflects Egypt's commitment to localising the automotive industry and its related supply chains, underscoring the role of public-private partnerships in achieving regional leadership within a short timeframe. He highlighted national infrastructure projects—such as roads, tunnels, and ports—that enhance SCZONE's readiness to attract foreign direct investment and connect production hubs to global markets. Gamal El-Din stressed that tire manufacturing is a key pillar of SCZONE's automotive localisation strategy. He noted that the Authority is working to establish fully integrated industrial clusters, in line with Egypt's national automotive manufacturing strategy launched from the Integrated East Port Said Zone. The SCZONE Chairperson also said the project follows a recent promotional tour to China, which included site visits and meetings with leading automotive and component manufacturers—particularly in electric vehicles and batteries. These engagements aimed to exchange knowledge on advanced technologies and assess investment requirements such as energy, utilities, land, and workforce needs. Sailun Group is among China's largest tire manufacturers, producing a wide range of products for different vehicle types. The company operates factories in China and Vietnam, with an annual capacity of over 26.6 million TBR (Truck and Bus Radial) tires, 88 million PCR (Passenger Car Radial) tires, and 310,000 tonnes of OTR (Off-The-Road) tires. Its sales and logistics network spans more than 180 countries. The planned SCZONE facility will serve as a central regional hub, supplying both the Egyptian market and neighbouring markets.
