Africa-Press – South-Africa. Pretoria is set to host the inaugural Uganda-South Africa Trade, Tourism, and Investment Summit at the end of this month, as both countries work towards exploring their economic relations.
According to the Uganda Investment Authority (UIA), President Yoweri Museveni and his South African counterpart President Cyril Ramaphosa, or their chosen representatives, will preside over the summit between 27 February and 1 March.
The summit is organised by the Uganda High Commission in Pretoria in partnership with Uganda’s foreign affairs, agriculture and fisheries, health, and tourism ministries, as well as various line authorities.
On the South African side, there are the departments of trade and industry, public enterprises, international relations, as well as the Industrial Development Corporation (IDC).
UIA in a statement said:
In a statement to the media back home, Museveni urged the business community to embrace the summit as a way of expanding markets.
For the purpose of promoting inclusive, sustainable, balanced and sustained growth and development of Uganda, the summit will include plenary and parallel sessions centered on priority and transformative sectors.
A joint framework of hosting an annual Trade, Tourism, and Investment Summit between Uganda and South Africa was expected to be agreed on, the UIA said.
Cotton, gold, fish fillets, tobacco, coffee, fresh flowers, automobiles, plastics, chemicals, electronics, parts and accessories, petroleum, live animals, books and newsprint, textiles, footwear, aircraft, and household items are among the exports from South Africa to Uganda.
Investments from South Africa have been made in a variety of industries in Uganda, including breweries, finance, poultry, electricity, and real estate.
However, as of March, Eskom won’t be operating in Uganda after that country resolved to nationalise power generation.
This will mark the end of Eskom’s 20-year concession in Uganda, where it was in charge of a combined 380MW, of which 180MW was at Nalubale power plant and 200MW at the Kira Hydropower plant.
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