Pages Navigation Menu

Breaking news in Uganda and around the world

Kutesa Woos Russian Investors to Uganda

Uganda’s Minister of Foreign Affairs, Sam Kutesa and his counterpart from Russia  Sergey Lavrov have Wednesday exchanged congratulatory messages to mark the 55th  Anniversary of the Establishment of  Diplomatic relations between Uganda and the Russian Federation.

In his message, Kutesa told the Russian Minister that relationships between Uganda and Russia were still very key.

“I have the honour, on this important occasion marking 55 years since Uganda and the then Union of the Soviet Socialist Republics to which the Russian Federation is the successor State, established diplomatic relations. As Your Excellency is aware Uganda attained independence from colonial rule on the 9th October 1962,” said Kutesa.

“Our two countries established relations on residential basis on the 11th October 1962-barely two days later. The speed and urgency with which this was done is indicative of the importance the two countries attached and still attach to bilateral relations.”

Kutesa further praised Russia, acknowledging that, with Independence, Uganda achieved political emancipation, which would be meaningless without economic emancipation.

“Uganda is registering her economy into a modern industrial country because of the help rendered to her by  the Russian Federation and as a result, Uganda in her second National Development Plan, has set herself a goal of achieving middle income status by 2020,” Kutesa said.

“In the course of implementing this ambitious programme, there are plenty of business opportunities which Russian companies and individuals can take advantage of. Among key areas include agriculture and agro-processing, oil and gas, mineral development, human capital development, energy and infrastructure.”

He added: “It is my belief that Your Excellency, through the Intergovernmental Commission on Economic, Scientific and Technical Co-operation and other mechanisms bringing together our two countries, will be able to encourage Russian companies to invest in Uganda and . Uganda is confident that the Russian Federation will play an even more enhanced role in her effort to achieve economic development following the last 55 years of bilateral diplomatic relations.”

Lavrov, on his part, said that the Russian Federation and the Republic of Uganda traditionally enjoy multidimensional ties and cooperate on the international arena in a constructive way, perceiving the ongoing world processes largely from the close positions and following harmonious approaches of settlement of the most crucial modern issues.

“We appreciate the established high level of mutual understanding and the stand towards consideration of the interests of each other, We are ready for further active work on promoting the Russian-Ugandan Cooperation in the political, trade, economic and other fields for the benefit of the people of our countries as well as in the interest of the regional peace and stability,” said Lavrov.

 

This post was syndicated from ChimpReports. Click here to read the full text on the original website.

Follow us on twitter @theugandatoday

Also, Like us on facebook

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz