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Uganda, France Deepen Economic Ties In High-Level Finance Talks

admin by admin
2026/06/13
in Business
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Uganda, France Deepen Economic Ties In High-Level Finance Talks
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Uganda and France have reaffirmed their commitment to strengthening economic cooperation following high-level discussions between officials from the Ministry of Finance and representatives of the French government.

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The Permanent Secretary and Secretary to the Treasury (PSST), Dr. Ramathan Ggoobi, on Friday met a delegation from the French Treasury led by Mathieu Bruchob, the Representative of the French Treasury in East Africa, to discuss Uganda’s economic outlook, fiscal priorities and opportunities for enhanced bilateral cooperation.

The meeting was also attended by the French Ambassador to Uganda, Virginie Leroy, and Gregory Sidrac, the Head of Economic Development at the French Embassy in Kampala.

According to the Ministry of Finance, the discussions focused on Uganda’s macroeconomic performance, the country’s fiscal priorities, and ways of strengthening the long-standing partnership between Kampala and Paris to promote sustainable economic growth.

The engagement comes at a time when Uganda is implementing its FY2026/27 budget and pursuing ambitious development goals under the country’s medium-term growth strategy. Government officials have repeatedly highlighted the need for stronger international partnerships to mobilize investment, enhance trade, and support infrastructure development.

Dr. Ggoobi used the meeting to update the French delegation on Uganda’s economic trajectory and the government’s efforts to maintain macroeconomic stability amid global economic uncertainties. Uganda has in recent years recorded steady economic growth, driven by investments in infrastructure, agriculture, industrialization and preparations for first oil production.

The discussions also explored areas where France could deepen its engagement with Uganda through investment, development financing and technical cooperation.

France has emerged as an increasingly important development and investment partner for Uganda, particularly in sectors such as energy, transport, urban development, water infrastructure and environmental sustainability.

Officials said the meeting underscored the importance of maintaining strong diplomatic and economic relations between the two countries as Uganda seeks to attract more foreign direct investment and expand access to international financing for key development projects.

The French delegation reaffirmed France’s interest in supporting Uganda’s economic transformation agenda and strengthening cooperation through mutually beneficial partnerships.

The engagement reflects growing economic ties between Uganda and France, with both countries expressing a shared commitment to fostering sustainable development, economic resilience and long-term prosperity.

The meeting concluded with both sides pledging continued dialogue and collaboration aimed at unlocking new opportunities for trade, investment and development cooperation.

Tags: Dr. Ramathan GgoobiGregory SidracMathieu BruchobUganda News
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