Business 14 May 2026 Uganda Investment Authority
Museveni and El-Sisi Forge Closer Ties for Investment and Industrial Growth
Ugandan President Yoweri Museveni and Egyptian President Abdel Fattah El-Sisi met to bolster bilateral cooperation, focusing on enhancing trade, investment, industrialization, and sustainable resource management including the Nile River. Source: https://ugandainvest.go.ug/president-museveni-and-egypts-el-sisi-discuss-investment-and-industrialization
President Yoweri Museveni of Uganda and President Abdel Fattah El-Sisi of Egypt have held high-level discussions aimed at deepening economic ties between their nations. The leaders convened at State House Entebbe to explore avenues for increased bilateral trade, investment, and industrial development.
Key areas identified for enhanced cooperation include the vital sectors of renewable energy, commercial fish farming, and the sustainable stewardship of the River Nile. President Museveni outlined Uganda’s vision to shift its economy towards manufacturing and services, thereby reducing land pressure and boosting household incomes.
He specifically highlighted the critical role of electricity and renewable energy in fueling industrialization and economic progress. Museveni proposed the development of large-scale fish farming projects, noting the global demand for fish and the potential for this sector to help Ugandans transition from subsistence agriculture while preserving the environment. Uganda possesses significant investment opportunities within its aquaculture sector.
President El-Sisi pledged Egypt’s commitment to supporting Uganda’s development goals, particularly in fish farming, renewable energy, industrialization, and value addition. Egypt plans to collaborate on modern fish farming initiatives and encourage Egyptian investors to enter Uganda’s aquaculture market. Furthermore, Egypt offered expertise and investment in Uganda’s renewable energy sector.
Addressing industrialization across Africa, El-Sisi advocated for a focus on adding value to raw materials rather than exporting them unprocessed. He pointed to sectors like iron ore, copper, leather, and food processing as having substantial potential for industrial expansion and export revenue.
A joint communique confirmed Egypt’s willingness to finance and mobilize funds for water infrastructure projects in Uganda through the Nile Development Fund. The leaders also agreed to strengthen collaboration within regional and continental bodies, including the African Union and AfCFTA, aligning with Agenda 2063 and the UN Sustainable Development Goals.