The government has said that it is exploring new market
opportunities with the Common Market for East and Southern Africa-COMESA member states
Uganda is currently facing a big challenge with key neighbours like South Sudan
following the unrest and the border closure by Rwanda. Some products from Uganda have also been rejected by neighbours like Kenya.
Uganda used to earn 200 million dollars before the closure of the Rwanda
Amos Lugolobi, the State Minister of Finance in charge of Planning says that they
have started negotiating with the COMESA member states to start sending
products. He says negotiations are already ongoing with Egypt.
COMESA has 19 countries including Comoros, Djibouti, Egypt, Eritrea, Ethiopia,
Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan,
Swaziland, Uganda, Zambia, Burundi, the Democratic Republic of Congo, and Zimbabwe.
Lugolobi was speaking on Thursday while meeting MPs on the Parliament’s budget
committee on the Charter for Fiscal Responsibility and the Economic and Fiscal
According to Dickson Kateshumbwa, the Sheema Municipality MP, the
trade deficit has widened in the country, especially looking at the developments in
South Sudan, Rwanda and other East African countries.
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Paul Omara, the Otuke County MP says that South Sudan has been
Uganda's biggest export destination with the export of as much as 65%, but it has fallen to 15%.
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Lugolobi says that they are now exploring the North African
markets like Egypt. He says that they will look at COMESA member states and
strengthen ties and also trade with them.