Uganda’s President Yoweri Kaguta Museveni officially opens the Uganda-DRC business forum.
The forum that has attracted businessmen from the Democratic Republic of Congo, and Uganda is being held under the theme: “Promoting Bilateral Trade, Investment and Connectivity for Mutual Peace and Prosperity.
The business forum will create a permanent framework for cooperation and economic cooperation between the two countries.
DRC President Felix Tshisekedi who was expected at the official opening on the forum was absent. No official communication has been given to explain his absence.
He was expected in the country for a two day state visit.
Uganda is looking to strengthen trade and investment between the two countries in an environment of peace, security and stability.
DRC is a key and strategic trading partner of Uganda with a huge market of more than 80m people and presents enormous opportunities.
According to the Uganda Bureau of Statistics as of May 18, 2019, the volume of trade between the two countries for both formal and informal trade was estimated to be $531m.