Museveni courts Nigerian investment in cement, mineral
Ugandan President Yoweri Museveni met with Nigerian investor Dr. Abbas A. Waziri to discuss potential investments in the cement and mineral sectors. The meeting aims to strengthen economic ties and expand Ugandan exports to Nigeria under the African Continental Free Trade Area framework.
Why it matters
Deepening trade relations between African nations is crucial for the success of the African Continental Free Trade Area and regional economic growth.
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Museveni courts Nigerian investment in cement, minerals
Nigeria is among the markets Uganda has identified for expanding exports under the African Continental Free Trade Area framework. In 2024, Uganda signed a commitment document with Nigeria, paving the way for exports of products including coffee, tea, milk, fish and pharmaceuticals.
The discussions also covered opportunities for Uganda to expand exports to Nigeria, particularly Ankole cattle and Ugandan dairy products. (Credit: PPU)
- President Yoweri Museveni has met Nigerian investor Dr Abbas A. Waziri to discuss investment opportunities in Uganda, including cement manufacturing and the minerals sector.
The meeting was held on Tuesday (October 6) at State House Entebbe, where Museveni and Waziri, group chairman of Resident Group PLC, also discussed ways of strengthening economic ties between Uganda and Nigeria.
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