Uganda, Kenya Agree to Collaborate on Regional Co-investment Opportunities.

The Permanent Secretary of Uganda's Ministry of Finance, Planning and Economic Development, Mr. Ramathan Ggoobi, recently held a meeting with Kenya's Cabinet Secretary for Investments, Trade and Industry, Mr. Moses Kuria, in Nairobi to explore opportunities for co-investment in strategic sectors.

The focus was on aligning economic and investment objectives to enhance bilateral relations in trade, investment, and people-to-people connections.

Both countries agreed to support a regional co-investment initiative involving the Devki Group, Uganda Development Corporation, and Kenya Development Corporation. By finalizing a framework agreement by April 5, the parties will enable the transportation of iron ore from Uganda to Devki.

According to the agreement, the Lato Milk Company and the Kenya Development Corporation (KDC) will work together to take advantage of regional investment opportunities that can have a positive impact on the dairy sector. They aim to improve the efficiency of milk production and its byproducts in both countries.

“The Lato Milk Company and the Kenya Development Corporation (KDC) will better leverage regional investment opportunities to positively impact the dairy sector and enhance efficient production of milk and its byproducts in the two sisterly countries,” the agreement said.

To enhance the competitiveness of industries in both Uganda and Kenya, there will be collaborative planning of production and manufacturing enablers, such as raw materials. This will facilitate a steady supply of raw materials for steel manufacturing between the two countries.

Additionally, the agreement aims to boost the production of animal feeds to support the dairy sector, which is crucial for food security. The agreement takes into account the benefits for farmers in both countries, with a goal of accelerating the production of animal feeds as an enabler to achieve food security.

Recently, Uganda and Kenya have agreed to collaborate on investment opportunities to enhance the dairy sector and production efficiency in both countries.

The partnership involves joint planning of production and manufacturing enablers such as raw materials, as well as the acceleration of animal feed production to support the dairy sector and promote food security.

This agreement follows Kenya's suspension of a ban on Uganda's powdered milk, which was announced earlier this month. The two countries have agreed to review the agreement framework in the next month. Uganda is Kenya's leading trade partner in the East African region and second largest globally.