RATIN

Uganda, Congo Brazzaville to Deepen Trade Ties

Posted on February, 14, 2022 at 08:34 am


President Museveni has said Uganda is looking to boost trade cooperation through strong regional cooperation with Congo Brazzaville.

The President spoke Saturday during a hectic tour of various projects in Oyo where he is on a working tour at the invitation of President Denis Sassou Nguesso of Congo.

President Museveni visited a bio milk processing unit, a large cattle ranch at Ranchikila and an ostrich farm at Olenga. 

The ranch has over 1,900 cattle and employs over 200 people. The President also visited the Bon Beeuf abattoir, which adds value to the meat products.

President Museveni told his host that with value addition on milk, they can have a bigger market for their produce.

“If you add value through making powdered milk, you can have a bigger market,” he said.

Later the two heads of state held a bilateral meeting during which they discussed various trade opportunities between the two countries.

Congo Brazzaville is the fourth largest Sub-Saharan oil producer, with an output of 360,000 barrels-per-day from reserve estimates of around 1.6 billion barrels according to reports.

Source: Chimpreports