Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The colourful signing ceremony, conducted at the Kenyan coastal city of Mombasa, was witnessed by President Yoweri Museveni and his host, Uhuru Kenyatta. President Museveni, who arrived in Mombasa today (Wednesday) morning straight from Johannesburg, South Africa where he had been attending the Saharawi Solidarity Summit, is in Kenya on a three-day state visit on the invitation of President Kenyatta. The agreements, clustered into three major categories; defence, trade and social affairs, focus on not only easing means of doing business between the two countries but also resolve some of the sticking issues that have hampered trade. For example, the pacts direct Kenya to consider increase of its sugar quota imported from Uganda to 90,000 metric tonnes from the current 36,000 tonnes. Uganda has been tasked to formally lodge a request to this effect that would create market for at least 54,000 metric tonnes of its surplus 90,000 metric tonnes it produces annually. On the other hand, beef exporters in Kenya can expect to tap into the Uganda market after the latter was directed to lift its ban on beef and beef products from Kenya with immediate effect. The poultry industry in Uganda will also have reason to smile after Kenya agreed to lift the ban on poultry products from Uganda within a week, dependent on Ugandan authorities furnishing then...
Traders To Reap Big As Uganda, Kenya Sign Pacts
Posted on: March 29, 2019
Posted on: March 29, 2019