Dr Isaac Shinyekwa, a senior research fellow on integration at the local think tank Economic Policy Research Centre, said trade disputes should not be a surprise . However, EAC partner states should be able to resolve them quickly to continue trading seamlessly.
Emmanuel Banya, the Kitgum Municipal Council Town Clerk told Uganda Radio Network in an interview that the money is meant to aid implementation of the first phase of infrastructural development this financial year.
Uganda was last year selected to host the G77 + China Summit in April this year. The Group of 77 and China (G77) at the United Nations is a coalition of 135 developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations.
But the Final Investment Decision which would constitute decisions made by various partners to inject money in projects to commercialize Uganda’s oil resource still eludes the country as joint venture partners Total E&P, China National Offshore Oil Company-CNOOC and Tullow Oil Plc continue to register setbacks to their efforts.
The US$ 5 million, approximately 18.3 million Uganda Shillings’ facility was on Thursday handed over to the Government of South Sudan by TradeMark East Africa.
