The Private Sector Foundation Uganda, in collaboration with its counterpart, the Rwandan Federation of the Private Sector, has organized the Uganda-Rwanda Business Summit to bring together private sector players and further deepen and strengthen the cordial bilateral trade relations between the two sister countries. strengthen.
The business summit held yesterday in Kigali Rwanda attracted more than 300 participants, 70 of whom were Ugandans.
“The Uganda-Rwanda Business Summit also reviewed and revived the Joint Permanent Commission between Rwanda and Uganda to improve cross-border trade relations by easing restrictions on movement, which has been one of the bottlenecks hampering trade between Uganda and Rwanda, said Humphrey Nzeyi, PSFU Board Chairman
According to the United Nations COMTRADE database on international trade, Rwanda’s exports to Uganda in 2022 amounted to $22.77 million. , grew to an average of $20 million per month between October and December.
PSFU CEO Stephen Asiimwe said the Business Summit was an ideal platform for Ugandan private sector entrepreneurs to market their products, as well as mobilize for high-quality investment opportunities in priority sectors of the economy.
PSFU aims to strengthen private sector capacity for effective policy advocacy and market competitiveness at national, regional and international levels.