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Egypt Independent
3 days ago
- Business
- Egypt Independent
Sisi: Uganda is Egypt's key partner in southern Nile Basin
CAIRO, Aug 12 (MENA) – President Abdel Fattah al-Sisi has stressed that Uganda is a key partner of Egypt in the southern Nile Basin region, expressing Cairo's aspiration that the African country can be among the primary beneficiaries of the Egyptian mechanisms designated to support development in Nile Basin countries. 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)
Middle East
4 days ago
- Business
- Middle East
OPEN// Sisi: Uganda is Egypt's key partner in southern Nile Basin
CAIRO, Aug 12 (MENA) – President Abdel Fattah El Sisi has stressed that Uganda is a key partner of Egypt in the southern Nile Basin region, expressing Cairo's aspiration that the African country can be among the primary beneficiaries of the Egyptian mechanisms designated to support development in Nile Basin countries. 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
