Presidents Museveni, Ramaphosa hold talks to strengthen ties



President Cyril Ramaphosa has described the state visit by his Ugandan counterpart, Yoweri Museveni, as a building block to strong political and economic relations between the two countries.

President Museveni was hosted at the Union Buildings in Pretoria on Tuesday, where the two leaders held talks on political, economic, and regional peace in Ethiopia, the Democratic Republic of Congo and Western Sahara. They also discussed the Africa Continental Free Trade Area (AfCFTA) and and lamented the lack of a permanent representation of Africa in the UN Security Council, calling for reforms.

“This state visit has reinforced the firm political and economic relations between our two countries. By deepening these relations, we aim to better the lives of our people and continue the struggle to overcome poverty, unemployment and inequality,” Mr Ramaphosa said.

He acknowledged the challenges relating to trade and investment but noted that there had been steady progress in resolving them. The leaders tasked the two countries’ trade ministers to put in place a mechanism to protect investments.

The heads of State witnessed the signing of a memorandum of understanding (MoU) on cooperation between South Africa’s Industrial Development Cooperation (IDC), Uganda Development Corporation (UDC) and Uganda Development Bank Limited (UDBL).

Other agreements signed were on tourism, transport, ICT, correctional services and prisons, women, youth and persons with disabilities.


“We have noted significant progress in the implementation of agreements that the two countries have had in the past. As a testament to our growing relations, we have just witnessed the signing of memoranda of understanding in diverse areas of cooperation,” the President said.

South Africa is keen on investing in Uganda, particularly in banking, retail and telecommunications, Mr Ramaphosa said, adding: “We hope that Ugandan businesses invest in South Africa.”

Business delegations from the two countries held a forum presided over by the two leaders.

Beryl Onyango

Beryl Onyango is a CPA and economics degree holder who has dedicated her career to helping others navigate the complex world of finance. Beryl has spent the past 3 years working as a finance specialist in a fintech company and has 6 years of experience in finance, working with a diverse range of clients and industries. Beryl's expertise lies in budgeting, saving, investing, and retirement planning, but she also has a deep understanding of various other areas of finance. She is interested in financial technology and how it changes how we manage our finances. As a finance writer, Beryl has been sharing her insights and knowledge through her writing, covering various finance and personal finance topics. Her goal is to educate and empower individuals to take control of their finances and achieve their financial goals. In addition to her professional experience, Beryl is a lifelong learner, always seeking to expand her knowledge and stay up-to-date with the latest developments in finance. She is also a strong communicator, able to explain complex financial concepts in a clear and easy-to-understand manner. Beryl believes that financial literacy is the key to achieving financial success, and she is dedicated to helping others achieve their financial goals.

Related Articles

Leave a Reply

Back to top button
WP Twitter Auto Publish Powered By :