Uganda, UAE to sign trade deal

Oct 09, 2014

Uganda and the United Arab Emirates (UAE) are set to sign a memorandum of understanding to boost trade between the two countries later this month, Uganda’s ambassador to the UAE, Irene Wekiya has said.

By Samuel Sanya

Uganda and the United Arab Emirates (UAE) are set to sign a memorandum of understanding to boost trade between the two countries later this month, Uganda’s ambassador to the UAE, Irene Wekiya has said.


Speaking at the sidelines of the second Africa Global Business Forum in Dubai, Wekiya noted that the deal has been planned for October 20.

“We want to put a stop to double taxation. The deal will be signed by the Ministry of Finance and the Uganda Revenue Authority to boost bi-lateral relations with the UAE,” she said.

Without giving details about the contents of the agreement yet to be signed, Wekiya said the embassy in Abu Dhabi is marketing Uganda’s challenges as well as potential areas of investment.

In 2013, a US-based company, Parabel with financing from Abu Dhabi completed the first phase of a $7m (sh18.2b) high tech agro-investment to produce food and animal feed in Entebbe.

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