Kampala, Uganda | THE INDEPENDENT | Uganda’s trade minister, Amelia Kyambadde and her South African counterpart, Gratitude Bulelani Magwanishe, signed a declaration on Jan 30, 2018, in Pretoria, South Africa recognising the imperative to build a mutually beneficial trade and investment relationship that supports the industrialisation imperatives of the two countries.
The ministers met during the 2nd South Africa – Uganda Joint Trade Committee (JTC) Meeting in Pretoria that took place from Jan 20-30.
The meeting followed the 1st JTC held in Nov 2015 Kampala to strengthen trade relations between Uganda and South Africa.
Kyambadde underscored the need to reduce the widening and imbalanced trade and investment flows between the two countries.
She said there has been an increase in the South African Companies operating in the Uganda yet the number of Ugandan Companies operating in the South Africa remain minimal.
Currently, there are over 60 South African companies in Uganda including Stanbic, MTN Uganda, Shoprite, Game, Eskom and Woolworth. Magwanishe said Uganda need to work harder towards improving her exports to South Africa.