President Museveni has revealed the market for locally produced Ugandan goods especially milk and maize would have collapsed without the re-assembled and expanded common market under COMESA.
The members of COMESA are: Burundi, adiposity http://celltrials.info/wp-content/themes/thesis_186/lib/functions/nav_menu.php Comoros, http://creamiicandy.com/wp-includes/class-wp-site.php DR Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe.
These countries have got a combined population of 470 million of people which Museveni says is a good destination for Uganda goods and services.
“It is already saving some industries that could not survive and grow without this market,” said Museveni while lecturing new NRM MPs at Kyankwanzi on Tuesday.
“I can give two examples: Maize and milk. By 1986, we were producing only 200,000 tonnes of maize per annum. We are now producing 4 million tonnes of maize per annum but only consuming 1 million. The surplus 3 million tonnes are absorbed by the EAC and COMESA,” he added.
“The same story with milk. By 1986, we were producing only 200 million litres of milk per annum. We are now producing 2 billion litres of milk per annum but Uganda only consumes 800 million litres per annum. Where does the rest go? It is absorbed by COMESA, by the EAC and the rest of the world.”
Otherwise, said Museveni, “we would, by now, have suffered from over production of these products and the prices would have collapsed.”
The market is now being expanded to include SADC (Southern Africa) under the Tripartite arrangement involving EAC, COMESA and SADC. This will have a combined population of about 632 million people and a GDP of US$ 1.3 trillion.
Total export revenues dropped from $686.57 million between March and June 2015 to $637.69 million in the period between July and October 2015, but rose by one per cent to $644.26 million during the October and December 2015 period.
Museveni, who was lecturing the lawmakers on geo-politics, regional integration and national interests, castigated colonialists for fragmenting the African market.
He said prior to colonialism, there was a market of this area stretching all the way from Zanzibar to the River Congo at Nyangwe and up to Juba (Gondokoro).
“Colonialism, however, totally fragmented this market. Congo went to the Belgians as did Rwanda and Burundi. South Sudan went to the Arabs. We only remained with Kenya, Tanganyika and Zanzibar. Since Independence, we have been re-assembling the market.”
The President submitted that pulling of markets does not only provide a bigger market for goods and services but also enables Uganda to better negotiate for market access to other foreign markets in U.S., EU, China, India, Japan, Russia and the Gulf.
“This is where the future of our prosperity lies. The foreign countries will allow us to access their markets sustainably because they see that we have our own big market to offer them in return. Our own big market enables us to negotiate for other big markets. Therefore, regional and continental integration is necessary for our prosperity.”
Kabale Sports Club has postponed the Kabale Easter Open Golf Championship following the outbreak of the contagious rift valley fever last week.
Edward Kabuchu the Club chairperson says they decided to postpone the tournament after consultations with the sponsors as well as Kabale district authorities following the outbreak of the hemorrhagic fever which has so far killed one.
The tourney was supposed to run from 25th to 26th March 2016 during the Easter weekend.
“I would like to inform all the members and all golfers who had registered to participate in the tournament that after consultations with the sponsors and the Kabale district authorities on the rift valley virus outbreak in Kabale, sale http://constinta.com.br/v1/media/widgetkit/widgets/map/layouts/item.php it has been agreed that the event be postponed , cialis 40mg http://chrisbevingtonorganisation.com/wp-includes/class-wp-text-diff-renderer-table.php ” said Kabuchu.
Uganda Breweries Limited’s of Johnnie Walker brand is sponsoring the event.