Uganda to get 16 million Euro support to boost her economy

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The government of Uganda is set to get 16 million Euro support from Hungary in a joint bilateral cooperation engagement signed last year covering areas of Trade, refugees and water sector, Agriculture,Education, Security and tourism.

According to the visiting Hungarian Minister for Foreign Affairs and Trade Peter Szijjarto, Hungary has designated Uganda as a strategic development partner where all her overseas development projects for Africa will be concentrated to sustainable development and transformation of the continent as part of its support to Uganda’s aspirations towards its socio-economic transformation

“The two Governments through their Exterior Ministries had signed a framework that will set parameters for cooperation for the provision of technical assistance, training expertise, consultancy and other services, scholarships among others,” Szijjarro said.

The Minister added that Hungary wishes to be Uganda’s closest development partner in a mutual relationship that will benefit both countries and their peoples.

The Vice President of Uganda, Edward Sekandi appreciated Hungary support to Uganda and Urged Hungary business to consider exploring broader interests in agriculture to support Uganda efforts in graduating from production of raw materials to processed Agro products that can be sold in Hungary stores.

“The relationship between the two countries will continue being strengthened for the successful cooperation of the two counties and their peoples,” Sekandi.

He added that trading together will further concretise people to people relations which will further facilitate stronger ties and understanding between the two countries.

The meeting was also attended by Hungary Honorary Counsel in Uganda Gordon Wavamuno and Uganda’s Honorary Counsel to Budapest.

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