President Museveni Asks Algerian Investors to Harness Ugandan Market

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Uganda and Algeria have agreed to work together in the areas of trade, energy, education, agriculture, and counter-terrorism.

This followed a bilateral discussion held between Algerian President Abdelmadjid Tebboune and President Yoweri Kaguta Museveni during his three-day state visit to Algeria.

“I was welcomed by H.E. Abdelmadjid Tebboune to the Presidential Palace. “We discussed issues on growing the prosperity of Africa and agreed to work together in the areas of trade, energy, education, agriculture, and counter-terrorism where they have experience in this, just like us,” said President Museveni.

President Museveni said, “In Algeria, we have reliable partners: we are looking at powdered milk, which is already coming here, coffee, tea, and then products made from petroleum and petrochemicals in Algeria.”

According to the president, Uganda is looking at Algeria investing in the oil refinery and has further plans to build an inland refinery.

“It is absolutely necessary because it will cut transportation costs seeing that we are far from the coast. I thank His Excellency for the fruitful deliberations we had,” said the President.

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