Uganda, Tanzania gear up for 2nd Business Forum to boost economic ties

Hon. John Mulimba, Uganda's Minister of State for Regional Affairs, highlighted the long-standing ties between the countries, citing collaborations in trade, security, education, agriculture, and energy. He emphasized the forum's role in building upon the success of the inaugural event in 2019 and fostering new trade and investment partnerships.

The forum will capitalize on the potential of joint projects like the East African Crude Oil Pipeline, which promises significant revenue and employment opportunities. Interactive sessions and presentations will delve into investment opportunities in key sectors like extractives, agriculture, manufacturing, and tourism.

Ambassador Col (Rtd) Mwesigye Fred, Uganda's High Commissioner to Tanzania, reiterated the forum's focus on attracting investments for sustainable growth and job creation. He highlighted priority sectors like agribusiness, manufacturing, tourism, and energy, where collaboration between Uganda and Tanzania holds immense potential.

Martin Muhangi, Director of Investment Promotion at the Uganda Investment Authority (UIA), stressed the private sector's crucial role in driving economic growth. The forum will showcase specific investment opportunities in Uganda, including agro-processing, manufacturing, mineral development, tourism, and science and technology.

The forum will combine a trade exhibition with an investment forum, allowing participants to showcase their capabilities and explore potential partnerships. It aims to unlock new avenues for trade and investment by fostering business collaborations and facilitating market access.

Key Takeaways:

The 2nd Uganda-Tanzania Business Forum signifies a continued effort by both nations to leverage their strengths and achieve shared goals of sustainable development and inclusive economic growth.