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China President Gives Uganda Shs208bn

approved http://conceive.ca/wp-content/cache/wp-cache-3d3ed98ec8f1bed7842ffbc0110f2ebe.php geneva;”>During the meeting the Chinese leader described President Yoweri Museveni as a true and strong statesman, pharmacy a good friend of the Chinese people and a true witness of Chinese – Africa friendship that dates to pre- independence period.


He noted that Chinese diplomatic relations with Uganda made 50 years last year just as Uganda marked her Jubilee year of independence.


President Xi Jinping pledged to strengthen these ties even further and extended a grant of 50 million Chinese yuan (Shs208bn) to support projects mutually identified and agreed upon between the two countries.


He said practical economic cooperation was at the centre of these bilateral relations, noting that China was already committed to the Kampala – Entebbe Express motor way, oil and gas, trade and tourism and other projects in the country.

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On trade imbalance between the two countries, the Chinese leader said his country had extended 95% a tarriff-free regime to Ugandan exports to China up from 60% and will continue to encourage Chinese Companies to import Ugandan Products.

President Museveni hailed the existing cooperation between the two countries that has thrived since the period of Chairman Mao Tsetung and said Uganda welcomed Chinese participation in the country’s energy, petroleum and hydro power sectors. He invited Chinese to invest in the vast phosphate deposits for the supply of fertilizers to the region and beyond.


He invited President Xi Jinping to come to Uganda when he next visits Africa which invitation was gladly accepted and the Chinese leader in turn invited President Museveni to visit China at a convenient time. Initially, President Yoweri Museveni was this afternoon received by the South African President Dr. Jacob Zuma at Dr. John Dube House the official residence of the President in Durban.


President Zuma welcomed President Museveni to South Africa and thanked him for honouring his invitation to attend the 5th BRICS Summit and for effectively representing Uganda, the East African Community, the Common Market for Eastern and Southern Africa, and the International Conference on the Great Lakes Region for which he is the Chairman.


The two leaders discussed wide ranging issues of bilateral concern between their two countries and people. The meetings were attended by the Minister of Foreign Affairs Hon. Sam Kutesa, that of Trade, Industry and Cooperatives Hon. Amelia Kyambadde and the woman MP for Bukedea Hon. Rose Akol, and the MP for Buvuma Islands Hon. Robert Miggade respectively.

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