Mbabazi Meets Abu Dhabi Prince


medications price geneva;”>Mbabazi left the country almost two weeks ago to among other things visit the Prince and also attend a business conference in the Arab country.

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erectile geneva;”>Officials told Chimpreports the meeting took place on Monday at Al Bahr Palace.

“The meeting explored ways of enhancing bilateral relations and of expanding avenues of trade and economic cooperation so as to better serve mutual interest of the two friendly people and countries,” a statement from UAE read in part.

“Sheikh Mohamed and the visiting Ugandan prime minister also tackled a variety of issues of mutual concern and latest regional and international developments.”

Mbabazi in April 2010 travelled to Dubai where he met Sheikh Hamdan Bin Zayed Al-Nahyan, the country’s then ruler’s representative in the western region.

At the time, Mbabazi was the Minister for Security.

Observers say the Dubai trips signals strong ties between Mbabazi and the Arab country.

The Premier was a shareholder in National Bank of Commerce (NBC) before the financial institution’s NBC was closed by Bank of Uganda as the Regulator on September 27, 2012 and all its three branches.

Selected assets and all deposits were sold and assumed by Crane Bank Limited which was duty bound to allow former NBC depositors to access their deposits.

There were reports at the time that Arabs had bought a significant portion of shares in the bank before it was closed.

At the meeting at Al-Nakheel Palace in 2010, “the two sides discussed ways to promote economic, investment, agricultural and industrial relations between the two countries,” with Sheikh Hamdan “affirming the UAE’s interest in joint action to encourage the private sector to play a role in investments and joint projects.”

For his part, Mbabazi said Uganda looks forward to more fruitful economic cooperation in agriculture and industry, in particular.

He hailed the role played by UAE investors in Uganda to improve the country’s infrastructure, telecommunications, real estate and agriculture, adding that Uganda enjoys political and economic stability and offers opportunities and facilities for foreign investments in education and healthcare in particular.


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