The State Minister for Investment, Evelyn Anite, says next week’s Uganda-South Africa business summit will present an opportunity for Uganda to increase its export volumes, and as well attract more investors into the country.

This first Trade, Tourism and Investment Summit between Uganda and South Africa which will be held in Pretoria from February 27 and March 1, will be presided over by Presidents Yoweri Museveni and Cyril Ramaphosa.

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It will also be attended by over 300 delegates, both private and public including business captains, ministers, heads of agencies, policymakers, the media.

According to the Minister, Summit will provide a platform for the Private sector, companies and businesses to create new markets and ways of how to facilitate doing business and identify existing and emerging business or investment opportunities in Uganda and South Africa.

“We want to attract more South African investments into Uganda and expand markets for Ugandan products, we shall be expanding our territory because demand for our goods has gone up,” says Anite.

Our investment agenda has moved to only one of attracting foreign direct investments to also getting markets for our goods abroad. The summit will therefore be an opportunity for both export and investment promotion,” she adds.

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The Summit will focus on the following sectors: Tourism, Trade and Investment, Finance, Insurance, Professional Service, Manufacturing, Mining, Energy Resources, Agro-processing, ICT, Power Generation, education, and Infrastructure development and construction among others.

Investment and Trade between Uganda and South Africa

South Africa is one of the fastest-growing sources of Foreign Direct Investment for Uganda.

Uganda’s exports to South Africa include cotton, gold, fish fillets, tobacco, coffee, and fresh flowers. South Africa’s exports to Uganda include machinery, vehicles, plastics, chemicals, electronics, parts and accessories, petroleum, live animals, books and newsprint, textiles, footwear, aircraft, and household goods.

South African investments in Uganda are in sectors like telecommunications, breweries, finance, poultry, energy, and real estate, amongst others.

South Africa has the potential of strengthening investment and trade links with Uganda in several areas including manufacturing, agriculture and agro-processing, touring, mining, information technology, health services, biotechnology, pharmaceuticals, chemicals.

Based on the foregoing, there is a need for Uganda to continuously leverage the existing cordial relations between the two countries and showcase its opportunities to potential investors in South Africa and internationally for improvement of the trade balance and national development through a business summit.

Kungu Al-Mahadi Adam is an experienced Ugandan multimedia Journalist with a background of fact checking and thorough research. He is very passionate about current African affairs particularly Horn of Africa. He... More by Kungu Al-Mahadi Adam

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