Uganda eyes greater economic cooperation with Egypt
Prime Minister Mostafa Madbouly said Egypt is ready to cooperate with its Nile Basin partners to develop their capabilities, and share relevant expertise in various sectors, including the agriculture, irrigation, health, energy, and mining industries.
Madbouly was speaking during a meeting with President of Uganda Yoweri Museveni on the margins of his participation in the Extraordinary Summit of the Troop Contributing Countries (TCCs) to the African Union Support and Stabilization Mission in Somalia (AUSSOM), held in Entebbe on Friday.
Museveni praised the robust ties between Egypt and Uganda at the political and economic levels, voicing his country's aspiration for greater cooperation in various economic sectors.
Meanwhile, Madbouly conveyed the greetings of President Abdel Fattah al-Sisi to his Ugandan counterpart, applauding Uganda's successful hosting of such an important summit.
Commending the growing ties between Egypt and Uganda in 2024, Madbouly said the two countries are now poised for a significant shift in their relationship. He stressed Egypt's commitment to that goal, calling for intensifying joint communication and consultations to push bilateral relations to new higher levels.
He also hailed the positive outcomes of Egypt's foreign minister's visit to Kampala in October 2024, the visit of Uganda's ministers of water and international relations to Cairo in early December, the meetings of the technical and ministerial committee for joint and permanent cooperation on December 3-4, 2024, and the first round of political consultations between both countries on December 4.
About 25 Egyptian companies are now operating in Uganda, with estimated investments of $100 million, the prime minister said, noting that the volume of bilateral trade between both countries reached nearly $133 million in 2023.
He said he looks forward to greater volume of trade exchange between the sisterly African nations.
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