Utilization of the Southern Route (Central Corridor to Dar es Salaam)
This a press statement on the utilization of the southern route to Dar es Salaam Click here to read: Southern Route press statement …
New Ambassadors Orientation
The Ministry of trade industry and cooperatives met with the newly posted ambassadors; Throughout the two days meeting,the ambassadors were encouraged to sell Uganda abroad as an investment destination. The theme of the meeting was: Enhancing Trade and Investment through Implementing Uganda’s Economic and Commercial Diplomacy The different departments presented their activities and plans to them. Click here to see the presentations; Hon Amelia Kyambaddes Speech at the opening of Ambassadors Orientation …
Museveni asks Comesa to focus on Intra-Trade
President Museveni has advised the Comesa member states to shift to intra-regional and local trade. Speaking at the closure of the Comesa meeting in Kampala on Friday, President Museveni said: “The problem is not the market, but the entrepreneurs to take up the opportunities available.” According to President Musveni, Uganda’s growth was halted by conflicts that peaked during the 1970s with the expulsion of Indians who were the drivers of the economy. The president argued that Ugandans who later inherited the Indian businesses run them down explaining why there is no strong Ugandan high caliber entrepreneurship, save for a few …
Comesa Political Federation is unrealistic, says Museveni
President Museveni has discouraged a political integration at the Common Market for Eastern and Southern Africa (Comesa) level, saying it is “unrealistic”. According to the President, it does not make sense for the 19 Comesa members to federate politically. “At the EAC (East African Community) we are doing the economic integration and then move to a political federation. But for Comesa, it should be economic integration because political federation is unrealistic,” he said. Mr Museveni made the remarks on Friday while addressing the 16th Comesa Heads of States Summit at the Commonwealth Speke Resort- Munyonyo. The Summit was organised under …
COMESA Pushes for Joint Infrastructure Projects
Leaders of the Great Lakes region and COMESA member states after attending the 5th Extra ordinary summit at Munyonyo. Member states of the Common Market of East and Southern Africa (COMESA) have resolved to fast-track the implementation of joint infrastructure projects in railways, energy, roads and ICT to boost regional development. This was contained in the final statement issued on Saturday at the end of the 16th COMESA Summit of Heads of State and Government in Kampala. The nine-day event was held at the Speke Resort Munyonyo under the theme: “Enhancing intra-COMESA trade through micro, small and medium enterprise development.” …
Six Presidents for Kampala COMESA Meet
Six presidents have confirmed participation in next week’s COMESA heads of state summit to be held on November 23, 2012 in Kampala. Amelia Kyambadde, minister of trade, industry and cooperatives on Thursday announced that presidents Mwai Kibaki ( Kenya), Salva Kiir (South Sudan,) Paul Kagame (Rwanda,) Pierre Nkurunziza (Burundi), Robert Mugabe (Zimbabwe) and Joyce Banda(Malawi )will attend the presidential summit while Eritrea, Ethiopia, Comoros, Swaziland, Seychelles and Zambia will be represented by their vice presidents. Cabinet last Wednesday approved a recommendation by the minister of trade for Uganda to join the Common Market for East and Southern Africa (COMESA) free …
Uganda Assumes COMESA Chair
President Yoweri Museveni on Friday assumed chairmanship of the Common Market for Eastern and Southern Africa (COMESA) regional economic bloc. Museveni takes over from the outgoing President Joyce Banda of Malawi who handed over the chairpersonship during the 16th summit of the COMESA heads of state and government. The summit taking place at the Speke Resort Munyonyo will close on Saturday, and is taking place under the theme, “enhancing intra-COMESA trade through micro, small and medium enterprise development.” President Museveni in his address said that African economies are too divided up, which undermines their profitability and countries cannot attract foreign …
COMESA Summit Opens in Kampala
The African heads of state meeting in Kampala is today expected to adopt a report on regional trade, arising out of a meeting of the Council of Ministers. The spokesperson of the foreign affairs ministry, Elly Kamahungye, said the council had met earlier and completed a report, which makes key recommendations on a number of issues, including regional trade. Kamahungye yesterday said the heads of state will discuss how to move the Common Market for East and Southern Africa (COMESA) economic bloc forward after most member states ratified the Free Trade Arrangement (FTA). “The FTA means that member countries have …
Optimism as Uganda Joins COMESA’s Free Trade Zone
The eighth Comesa Business Forum closed yesterday November 21st 2012, leaving behind both the good and bad news. The good news is that Uganda is now a member of the Comesa Free Trade Area (FTA) and the bad news is that — depending on how Uganda plays the ball – it could end up as a dumping ground for regional products. With FTA, there will be increased trade among member states and a wider market that provides several varieties in goods traded. And the country’s private sector will not only access more than 400 million people, but do so without …
COMESA Deal to Boost Exports
The private sector has lauded the Government for ratifying the COMESA free trade area, saying it will open huge markets for the country. The Private Sector Foundation boss Gideon Badagawa described the decision as a good development for trade and investments. “Now that the Government has pronounced itself, we will go full scale to sensitise our members,” said Badagawa over the weekend. Cabinet last week approved a recommendation by the minister of trade for Uganda to join the COMESA free trade area (FTA). The decision makes Uganda the 15th COMESA FTA member, opening up the opportunity for increased trade competitiveness …
