Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
SUBSCRIBE
Uganda Mirror
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World
No Result
View All Result
Uganda Mirror
No Result
View All Result
Home Business

Give Us Fair Trade & We Shall Develop — Museveni At Global Summit

admin by admin
2019/12/09
in Business
Reading Time: 3 mins read
0
Give Us Fair Trade & We Shall Develop — Museveni At Global Summit
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

For development to happen across the world, there must be fair global trade, President Museveni has said.

You might also like

COSASE Suspends Shs140.4bn BoU Probe After Finance Minister Musasizi Fails To Appear

NSSF Declares Record 22.53% Interest, The Biggest Payout in Fund’s History

Verto, Visa Launch Multi-Currency Corporate Card to Cut FX Costs for African Businesses

The President made the case for global prosperity yesterday (Monday) as he addressed the 9th Africa, Caribbean and Pacific (ACP) Group of States Summit in Nairobi, Kenya.

The two-day summit at the Kenyatta International Conference Centre, attended by several heads of state from the 79-member state group, is running under the theme, “A Transformed ACP: Committed to Multilateralism”.

Addressing the audience, President Museveni said, “The challenge in the globe in last 300 years has been unbalanced development. Since the Industrial Revolution in Europe, we have had development in some corners of the globe and underdevelopment in others.”

Whereas the discrepancy was being sorted with some third world countries like India getting out of poverty, the President noted, it was important that the push encompassed all countries.

“The expectation is that the whole world should get out of under-development and we work for global prosperity. It should be prosperity for all of us instead of having a small number of people who are prosperous and the majority who are in underdevelopment,” said the President.

He told the attentive audience that one of the tools to ensure this prosperity happens is to enforce fair trade.

“When we trade together, we stimulate growth in our respective countries. However in order to trade, we must have the basics. We must resolve the issues of infrastructure, cost of production, cost of money and the human resource,” he added.

The challenge for organisations like the ACP, the President observed, was to therefore create enablers of trade.

Citing Uganda’s case, the President said the country has a lot of potential, given that just 32 percent of its population was in the money economy.

“They have not maximised their potential and I know this is the case with most African countries,” he said. “We are therefore working to better this through commercial agriculture, building industries, supporting the services sector and tapping into ICT opportunities.”

President Museveni said once this was done, production would be massive, noting that Uganda was already experiencing over-supply of maize, milk, sugarcane and bananas.

“The internal market market is not enough, even the East African Market is not enough. Therefore, it is imperative that we about talk global trade. The ACP is right by emphasising multilateralism. It will cause prosperity in whole world,” he said.

A CASE FOR LINKAGE

Commenting about the subjects of the summit’s discussion; governance, social-economic transformation and climate change; the President said they should be discussed as a whole.

“These topics are linked because if you don’t encourage social-economic transformation of society, you cannot sustainably deal with issues of governance,” guided the President.

On climate change, the President observed that Uganda had recently suffered the wrath of the weather, with landslides and floods killing several people.

” This is partly because people go to wetlands for land for agriculture. Why don’t they go to industries? It is because they are not enough industries for them. That’s the linkage,” he said.

Some aspects of climate change, he said, are due to greed, especially in the North, where people are using bad methods of production and producing a lot of carbon dioxide but some of the problems are due to acute need for land for agriculture.

WE’RE ONE

President Museveni also discouraged the idea that Africa should be separated from the Caribbean.

“I don’t know where that idea came from. I don’t think it’s a good one. Why do we seperate ourselves from the African diaspora? The Caribbean, the US, Brazil these are part of the African Diaspora,” he said.

Earlier in the day, President Uhuru Kenyatta of Kenya was appointed chair of the ACP Group for a three-year tenure while Ambassador Georges Chikoti of Angola becomes the new secretary general.

Tags: Featured
Share30Tweet19
Previous Post

President Museveni Urges Musicians to Sing Songs That Portray Godly Values

Next Post

NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

Recommended For You

COSASE Suspends Shs140.4bn BoU Probe After Finance Minister Musasizi Fails To Appear

by Ritah Kengonzi
October 1, 2026
0
Musasizi Tells Accountants To Tighten Fiscal Discipline, Warns Against Waste of Public Funds

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has suspended its proceedings into a controversial Shs140.487 billion Bank of Uganda liability after Finance Minister Henry Musasizi...

Read moreDetails

NSSF Declares Record 22.53% Interest, The Biggest Payout in Fund’s History

by Davis
September 24, 2026
0
NSSF Declares Record 22.53% Interest, The Biggest Payout in Fund’s History

Members of the National Social Security Fund (NSSF) have received the richest return in the Fund's history, with a 22.53% interest rate declared on their savings for the...

Read moreDetails

Verto, Visa Launch Multi-Currency Corporate Card to Cut FX Costs for African Businesses

by admin
September 22, 2026
0
Verto, Visa Launch Multi-Currency Corporate Card to Cut FX Costs for African Businesses

Global cross-border payments platform Verto, in partnership with Visa, has launched a multi-currency corporate card designed to help African businesses reduce foreign exchange costs, improve international spend management...

Read moreDetails

Reliable, Affordable Energy Key To Uganda’s $500 Billion Economic Ambition — Ggoobi

by Ritah Kengonzi
September 21, 2026
0
Reliable, Affordable Energy Key To Uganda’s $500 Billion Economic Ambition — Ggoobi

Uganda’s ambition to transform its economy into a US$500 billion powerhouse by 2040 will depend heavily on the availability of reliable and affordable energy, Permanent Secretary and Secretary...

Read moreDetails

Museveni, India Envoy Discuss National Payment Switch, Technology Transfer

by Ritah Kengonzi
September 21, 2026
0
Museveni, India Envoy Discuss National Payment Switch, Technology Transfer

President Yoweri Kaguta Museveni has held talks with India’s outgoing High Commissioner to Uganda, Upender Singh Rawat, focusing on expanding bilateral cooperation in science, technology and digital transformation....

Read moreDetails
Next Post
NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

NAGIRINYA MURDER: Two Officers Demoted, Six Others Reprimanded

Related News

Ambassador Kiguli Herbert Remanded To Luzira Over Shs494m Financial Loss

Ambassador Kiguli Herbert Remanded To Luzira Over Shs494m Financial Loss

1 week ago
NARO Expands Cassava Production In Karamoja As Drought Threatens Food Security

NARO Expands Cassava Production In Karamoja As Drought Threatens Food Security

1 week ago
Uganda Takes Coffee Transformation Pitch To Global Traders At Swiss Coffee Forum

Uganda Takes Coffee Transformation Pitch To Global Traders At Swiss Coffee Forum

1 week ago
73 Lubiri Students Escape Disaster As Unroadworthy Bus Loses Control In Kampala

73 Lubiri Students Escape Disaster As Unroadworthy Bus Loses Control In Kampala

1 week ago
Over 50 Ugandan SMEs Complete Green Business Bootcamps As Push for Youth Jobs Intensifies

Over 50 Ugandan SMEs Complete Green Business Bootcamps As Push for Youth Jobs Intensifies

2 weeks ago
Museveni Orders NRM MPs to Enforce PDM, Evict Wetland Occupants

Museveni Orders NRM MPs to Enforce PDM, Evict Wetland Occupants

2 weeks ago

Popular Stories

  • Court Tears Into PostBank, Upholds Shs78m Award To Sacked Manager

    COURT HUMILIATES POSTBANK: Judge Rules Employee Was ‘Set Up To Fail’ Before Sacking

    115 shares
    Share 46 Tweet 29
  • MOSES MATOVU: The Sexual ‘Sweetness’ That Triggered Killing Of Afrigo Band Legend

    114 shares
    Share 46 Tweet 29
  • Gen Muhoozi Declares Edward Rukidi Nyabongo 1 New King  Of Tooro

    100 shares
    Share 40 Tweet 25
  • 12 Senior One Students Arrested After Shocking Video Of Assault Goes Viral

    99 shares
    Share 40 Tweet 25
  • Kyambogo University Student Found Dead In Banda Hostel

    95 shares
    Share 38 Tweet 24
  • UPDF Brands Deserter’s Criminal Claims ‘Unsubstantiated Rubbish,’ Vows Military Justice

    93 shares
    Share 37 Tweet 23
  • NANSANA FIRE HORROR: Landlord Locks Self & Tenants Inside House, Sets It  Blaze Amid Loan Pressure Claims

    92 shares
    Share 37 Tweet 23
Facebook Twitter Instagram Youtube
Uganda Mirror

Uganda's leading source News in categories of Politics Gossip Crime Sports Business Technology & Education

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsREJECT ALLACCEPT ALL
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Big Story
  • News
  • Crime
  • Gossip
  • Politics
  • Business
  • Sports
  • Love & Relationships
  • World

© 2025 Ug Mirror - A Product of Mirror Digital Limited .

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?