Uganda ready to expand its energy cooperation with Russia

Uganda ready to expand its energy cooperation with Russia

The government of the East African country hopes to expand economic cooperation with Russian companies, Uganda’s Foreign Affairs spokesperson Alfred Nam told RIA Novosti. According to Mr. Nam, some of the most promising areas of cooperation are oil, natural gas, and mining.

The ministry spokesman stressed that the country may become a kind of a gateway through which Russian businesses can access East Africa. Trade between Uganda and Russia amounts to about USD 78 million a year, while the Russian companies make up 87% of this trade.

Uganda is a member of various free trade organizations in East Africa that include countries with a total population of 300 million, the article reports. In the summer of 2017, Russia signed a memorandum of understanding with Uganda to promote cooperation in the use of nuclear energy for civilian purposes. As part of this cooperation, the countries are considering building a Russian-designed nuclear power plant in the African country.

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