President Yoweri Museveni and President Obiang Nguema Mbasogo of Equatorial Guinea have agreed on the need to boost cooperation and strengthening the bond between the two countries in different social and economic sectors.
Among the sectors the presidents agreed on include; oil and gas, capsule agriculture, malady food security, advice environment, mineral resources and energy, trade, industry and investment, services, culture and tourism, transport and communications, defence and security, education and sports, education, science and technology, urbanization and infrastructure.
President Obiang who is on 2-day state visit to Uganda was Wednesday meeting President Museveni at State House in Entebbe.
The two Heads of State witnessed the witnessed the signing of a Framework Agreement on Economic, Cultural, Scientific and Technical Cooperation between the Republic of Uganda and the Republic of Equatorial Guinea and a Memorandum of Understanding on the Establishment of a Joint Permanent Commission on Cooperation.
They also signed a Memorandum of Understanding on Bilateral Consultations between the respective Ministries of Foreign Affairs on matters of mutual interest, and a Memorandum of Understanding on Cooperation in the field of Oil and Gas.
They directed their responsible Ministers to convene an inaugural meeting of the Joint Permanent Commission within the next twelve months to develop specific action plans for enhancing cooperation between the two countries in the various sectors.
They further encouraged private sector associations and chambers of commerce in both countries to explore opportunities for trade and investment.
On the increasing threats of terrorism on the African continent, the two heads of state agreed to enhance security and defence cooperation between the two countries.
They also urged the African Union and the United Nations to redouble their efforts to ensure that peace and security prevail on the African continent.
The two Presidents will Thursday address the ongoing summit on oil and gas before President Obinag’s departure.