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Friday 19th of September 2014 08:49:51 PM
 

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Uganda-Malasia trade to increase

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Trade between Uganda and Malaysia is set to expand following agreement between Vice President Edward Sekandi and Malaysian Prime Minister Datuk Seri Najib Tun Razak, to open a technical school, establish direct air travel links and import Malaysian edible oil into Uganda.

Sekandi was one of eighteen African leaders, including Zimbabwean President Robert Mugabe, who attended the recent Langkawi International Dialogue Conference in Putrajaya, Malaysia.

Details of what was agreed have not been revealed, but Malaysian newspapers report that trade relations between the two countries will expand, opening a “gateway for businessmen from both countries to identify new export products.”

 

Speaking at the conference, Sekandi announced the opening of a Uganda campus for Limkokwing University of Creative Technology - its fourth campus in Africa - providing Ugandans with a new option for higher education in a globally popular field. The university is highly accredited and has signed Memoranda of Understanding with many partners, including Hewlett-Packard, the Botswana Government, L’Oréal, Nestlé, and the Malaysian Ministry of Health. When and where the campus will be located remains unknown.

Minister of International Affairs, Henry Oryem Okello, told the Malaysian newspaper Bernama that the two countries would soon open direct air flights between Entebbe and Kuala Lumpur, leading to greater growth in trade and tourism. This route will ease travel for investors between the two countries, enhancing mutual trade.

Recently Mr Rahim Zainol Zainuddin, Malaysian High Commissioner to Kenya, told a Malaysia Palm Oil Council Trade Seminar in Kampala that increased edible oil imports would expand choices for Ugandan consumers and help reduce prices. Uganda’s edible oil market is currently dominated by Bidco Oil and Mukwano Industries Ltd.

Malaysian Wilmar Plantation Services Ltd, one of the largest edible oil producers in the world, was licensed by Uganda Investment Authority in 2004 for a project on in Kalangala, with a planned investment of US$ 10.1 million.


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written by Canada Goose Sale, November 24, 2011
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