Kutesa launches Uganda-DRC Business Forum 2019

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Sam Kutesa, the Minister of Foreign Affairs at the launch of Uganda-DRC Business Forum 2019 on Tuesday
By :

Baluku Geoffrey

KAMPALA – The Minister of Foreign Affairs, Hon. Sam Kutesa has on Tuesday November 5 officially launched the Uganda-DRC [Democratic Republic of Congo] Business Forum 2019.

The Forum that will take place at Speke Resort Munyonyo on November 9, will be presided over by Presidents Yoweri Kaguta Museveni and his counterpart, Félix Tshisekedi.

Speaking during the launch, Hon Sam Kutesa said, “Uganda attaches great importance to its bilateral relations with the Democratic Republic of Congo and our bilateral relations are both fraternal and excellent.”

This he [Kutesa], said was evidenced by the high-level exchange of visits at all levels.

Uganda is alive to the fact that for trade to thrive, there is need to address the overarching factor of peace, security and stability. Both countries have concluded a number of cooperation frameworks. These include but are not limited to cooperation in: Health; Peace and Security; Energy and Mineral Development; Socio Economic Infrastructure; Trade and Investment, among others.

In line with the cooperation frameworks, the forum will be held under the theme, Promoting Bilateral Trade, Investment and Connectivity for Mutual Peace and Prosperity.

According to Uganda Bureau of Statistics as at 18 May 2019, the volume of trade between Uganda and DRC for both formal/informal trade was estimated to be USD 531,912,000. There is enormous room for growth & development if the two countries work together.

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