This first-of-its-kind investment forum took place on Wednesday, at Speke Resort Munyonyo in Kampala. Its intent is to tap into investment opportunities in both countries.
Addressing the summit, Museveni said he had always wanted the nation to join EAC way back when the organization had only three members (Uganda, Kenya and Tanzania).
“I thank Your Excellency for agreeing to come and visit us. We have used the three-day visit for serious discussions. Uganda will support the application by Somalia -and has already done so- to join the East African Community. This time, it is good that Somalia has applied again because they have all it takes. It has got a border with Kenya, and is a democratic country. We shall definitely support Somalia to join the EAC,” said Museveni.
Furthermore, he asked the Somalian business community not to hold back from investing in Uganda. He said business people play a big role in de-campaigning sectarianism and promoting unity among communities.
Somalia’s president Hassan Sheikh Muhamud said his country values the strong relations and brotherhood between Uganda and his country.
“Somalia has a lot of investment opportunities and we are ready to work with Uganda. I want to reiterate the respect Somalia has for Uganda for championing peace in Somalia and our bilateral cooperation,” he said.
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