Egypt-Uganda business council creation will boost investment in Nile Basin countries
The meeting also reflected on enhancing economic co-operation between the two countries by encouraging more investments in different sectors, including energy, security as well as digitalisation.
President Museveni (c) joined by the Egyptian delegation and other government officials for a group photo after the meeting at State House Entebbe. (PPU)
By Admin .
Journalists @New Vision
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The creation of an Egypt-Uganda business council will boost investment in southern Nile Basin countries, the Egyptian foreign minister has said.
The remarks by Egyptian foreign minister Dr Badr Abdelatty were made during a meeting with Uganda President Yoweri Museveni at State House Entebbe on August 4, 2025.
Abdelatty, who led the Egyptian delegation, conveyed greetings from Egyptian President Abdel Fattah al-Sisi. According to Abdelatty, the formation of the joint Egyptian-Ugandan business council to boost investment in sectors like construction, energy and pharmaceuticals.
Abdelatty pointed out the potential for joint projects through a financing mechanism recently established by Egypt to support development in southern Nile Basin countries.
“It’s a great honour and pleasure to be here to convey the best wishes from your brother President Abdel Fattah, who is looking forward to discussing with you and hopefully have a business forum where the business community can explore the existing opportunities for investment and mutual benefits,” he said.
He added that his government values President Museveni’s wise leadership as well as his vision for Africa, especially on Pan-Africanism and South-South cooperation.
Egyptian foreign minister Dr Badr Abdelatty. (PPU photo)
The meeting also reflected on enhancing economic co-operation between the two countries by encouraging more investments in different sectors, including energy, security as well as digitalisation.
Peacekeeping efforts
Abdelatty also saluted President Museveni and Uganda in general for its role in peacekeeping missions in Somalia and other countries in Africa.
President Museveni and the Egyptian delegation also discussed Egypt’s existential concerns over its water security and ways to boost bilateral ties, among other things.
In this regard, President Museveni emphasised the importance of preserving the African waters.
The meeting was also attended by Uganda's foreign affairs state minister, Okello Oryem and environment state minister Beatrice Anywar, among others.