Somali President Arrives In Uganda With Mission To Strengthen Relationship With Museveni
The purpose of this Business Summit is to strengthen Bilateral Cooperation in Trade and Investment between Uganda and Somalia.
The President of Somalia Hassan Sheikh Mohamud arrived in Uganda Monday afternoon for a two day official visit. The visitor was invited by President Yoweri Museveni to discuss bilateral relations between the two countries.
According to the official statement released in regard to the visit, the two presidents will hold Tête-à-tête meeting to discuss ways of strengthening cooperation in key sector areas of common interest.
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They will also witness the signing of the Joint Communique following the conclusion of the Inaugural Session of the Joint Permanent Commission between Uganda and Somalia.
Among other activities, Mohamud will address the 1st Uganda – Somalia Business Investment Summit under the theme “Promoting Uganda – Somalia Patnership through Investment, Trade and Tourism” from 9th – 10th August 2022 at the Speke Resort Munyonyo.
The primary objective of the Investment and Business Summit is to provide a platform for Private Sector together with other relevant stakeholders like government to freely exchange views and ideas on how to ease the cost-of-doing-business.
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This, when done, the two countries believe will richly reap from existing and future business opportunities by agreeing on how to overcome existing challenges, learn lessons and business strategies for smooth mutual exchange between the two markets of Uganda and Somalia and beyond.
Hassan Sheikh Mohamud was elected as President of the Federal Republic of Somalia on 15 May 2022, defeating the incumbent president Mohamed Abdullahi Mohamed. His presidency comes at a time when Somalia is pondering joining the East African Community. This visit adds value to this pursuit by Somalia.