Ugandan President Yoweri Museveni is on an official visit to Algeria since Saturday, March 11. The visit comes at a time when Algeria and Uganda, two strategic African mining countries, want to strengthen their mutual investments in various sectors.
Uganda and Algeria recently strengthened their cooperation through seven new bilateral agreements signed during President Yoweri Museveni’s official visit to his counterpart Abdelmadjid Tebboune.
The two countries specifically signed two cooperation agreements and five memoranda of understanding. The bilateral agreements cover various vital sectors, namely energy, tourism, trade, agriculture, animal health, as well as higher education and scientific research, we learn from the Algerian press. The objective for both governments is to facilitate mutual investment in the said sectors while allowing Algeria to implement its strategy to re-establish cordial relations with the rest of Africa. For President Abdelmadjid Tebboune, this is a strategic direction for Algeria.
As the fourth largest oil producer in Africa, Algeria has extensive experience in the management of energy resources that provide most of its foreign exchange earnings. In Uganda, numerous new mineral deposits have been announced in recent years. With the country beginning its first oil drilling activities this year, it can benefit from Algeria’s experience in that sector.
Let’s note that in February 2023, Algeria announced its plan to invest $1 billion to finance development projects in Africa. For the time being, however, no specific detail has been provided on the investments concerned.
Moutiou Adjibi Nourou
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
Senegal launched phase 3 of the “Sukaabe Jango” program to provide hot meals to 135,424 students in six southern departments. The initiative will...
The DRC’s Universal Service Development Fund (FDSU) launched a 2026–2035 strategy to connect nearly 68 million rural residents. The plan relies on...
Nigeria launched an emergency program on February 12 to curb the spread of Tuta absoluta, which can destroy up to 80–100% of untreated tomato...
Morocco and Côte d’Ivoire launched the Green Energy Park Maroc–Côte d’Ivoire (GEP-MCI) in Yamoussoukro. The platform focuses on applied research,...
While Afrobeat has evolved into what is now known as Afrobeats, there is little dispute that the movement was pioneered by Fela Kuti. A musical genius and...
Benin is guest of honor at the 2026 African Book Fair in Paris. More than 400 authors and 150 publishers from 20 countries are expected. The spotlight...