Uganda and Mozambique align strategies to expand trade and investment

Uganda and Mozambique are intensifying efforts to strengthen bilateral trade and investment during the Second Uganda-Mozambique Joint Permanent Commission (JPC), which began on Monday, September 16, in Kampala. The four-day meeting aims to deepen economic cooperation, particularly in the areas of trade and investment.

Ambassador Richard Kabonero, head of regional economic cooperation at Uganda’s Ministry of Foreign Affairs, highlighted the JPC’s significance in solidifying economic ties and creating new business opportunities. He stressed the commission’s role in advancing both countries’ development by updating presidential directives and finalizing agreements in critical sectors such as politics, security, and the economy.

The JPC, established in 1987 and reinforced by a new cooperation framework signed in 2018 in Maputo, is seen as vital for enhancing trade and investment between Uganda and Mozambique. Both countries reaffirmed their commitment to collaborate in key areas, including agriculture, transport, infrastructure, energy, defense, and security.