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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Koeberg Unit 2 has operated continuously for 365 days with a 99.4% energy availability factor (EAF). The reactor contributes 946 MW to South Africa’s...
The DRC commissions a technical and financial audit of the Sicomines partnership covering 2008–2024. Sicomines has accumulated nearly $9 billion...
Telecom companies in the Democratic Republic of Congo (DRC) must open 25% of their capital to local investors by July 2027. The measure retroactively...
BAT Kenya plans to source at least 70% of tobacco leaves locally in 2026, up from 60% in 2025. Local sourcing could save the company roughly £2...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...