EU is Uganda’s solid development partner — minister Kasaija

Kasaija said Uganda’s exports to EU, a bloc of 27 member states, remained resilient even during the peak of the COVID-19 pandemic, posting a 53% increase from $502.5m in the financial year 2019/20 to $770.41m in the financial year 2022/23.

PREMIUM Business

Finance minister Matia Kasaija said as of 2022, the EU was Uganda’s largest foreign direct investment (FDI) source with over 38% of FDI inflows originating from EU partner states. (File photos by Mpalanyi Sentongo)

By NewVision Reporter

Journalists @NewVision

#European Union (EU) #Uganda #Uganda-EU Business Forum (UEUBF)

Finance minister Matia Kasaija says the European Union (EU) remains a solid and long-standing development partner of Uganda in various areas of interest, especially trade and investment.

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EU is Uganda’s solid development partner — minister Kasaija

Kasaija said Uganda’s exports to EU, a bloc of 27 member states, remained resilient even during the peak of the COVID-19 pandemic, posting a 53% increase from $502.5m in the financial year 2019/20 to $770.41m in the financial year 2022/23.

Finance minister Matia Kasaija said as of 2022, the EU was Uganda’s largest foreign direct investment (FDI) source with over 38% of FDI inflows originating from EU partner states. (File photos by Mpalanyi Sentongo)

By NewVision Reporter

Journalists @NewVision

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