Apple, 1st brand to break $1t threshold    EGX closes in green notes on June 12    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt aims to cut debt service by 30%, lower debt-to-GDP ratio to 80%: Maait    European automakers shares skid on 'fear of retaliation' from EU tariffs on China EVs    EFG Hermes advises on Saudi Aramco's $11bn secondary offering, EMEA's largest since 2019    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    BRICS power emissions hit a record high in Q1    European stocks gain as investors await US inflation, Fed decision    US to widen sanctions on semiconductor sales to Russia    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    New Development Bank pledges support for Egypt's development goals    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Egypt hosts first New Development Bank international forum in New Administrative Capital    Egypt supports development of continental dialogue platform for innovative health sector financing in Africa: Finance Minister    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ambassador: Uganda, Egypt poised to cement prosperous relations
Published in Youm7 on 25 - 09 - 2011

UGANDA: Relations between Egypt and Uganda witnessed significant growth after the January 25 Revolution, the Egyptian ambassador to Uganda Sabri Majdi Sabri said recently.
“All Egyptian sectors must determine new methods of cooperation with Uganda to support the partnership,” Sabri said.
The ambassador also claims that the Nile River will not cause conflicts between the Nile Basin countries during the next 30 years.
“Nile Basin countries believe that the Nile is a resource for development, not for disputes,” he added.
The Ugandan population needs more production and resources for energy, the ambassador claims. They need new electrical plants to replace the current system of deforestation for fuel.
Ugandans consume four billion tons of wood daily for fuel. The price of a cooking coal sack rose to U.S. $30 from U.S. $8 recently.
“Deforestation affects the rate of rainfall and the water in the Nile,” said Sabri.
All concerned Nile Basin countries agree on the significance of preserving the river's environment.
“Uganda needs supplementary irrigation projects to combat declining rainfall and drought,” Sabri said. “Egypt is working to help Ugandans create a series of dams to preserve rainfall.”
Ugandan President Museveni emphasizes the need to encourage investment and partnership between private sector foreigners and local area sectors, the ambassador claims.
“This is the best way to increase the rate of development, particularly in the agricultural field.”
The Ugandan President also claims that Egyptian investors must closely study the Ugandan market and recognize Ugandan needs and priorities.
Uganda must carry out new transportation projects, like road and bridge construction. This requires serious investors, the ambassador said.
Ugandan will provide facilities and exceptions for foreign investment.
The Egyptian Export Council of Fertilizers and Chemicals sent two members to study the Ugandan market prior to holding a meeting between Egyptian and Ugandan businessmen in Kampala, the Ugandan capital.
Egyptian businessmen can establish a commercial center for Egyptian goods and products in Uganda, the ambassador claims.
“This will cost initial investment but it will bring economic returns in the long run; it provides the opportunity to establish industrial and agricultural projects.”


Clic here to read the story from its source.