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During the meeting

Uganda, Turkey Eye Promoting Trade, Tourism in Kampala Summit

Uganda currently exports mineral fuels, grains, vegetables, cotton, fish, raw hides and skins, and flowers to Turkey while Turkey supplies plastics, machinery, furniture, iron and steel, milling products, electronics, and so on.
posted onApril 11, 2022
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Uganda and Turkey will hold a joint summit aimed at promoting investment, trade and tourism between the two countries.

According to Uganda Investments Authority (UIA), the event will be held on May 11 and 10 at Speke Resort Munyonyo in Kampala under the theme 'Accelerating Investment, Trade, Industry and Tourism between Uganda and Turkey in a post-Covid Era'

In October of 2021, President Yoweri Museveni met with a delegation of investors from Turkey whom he impressed upon the idea of investing “in Uganda’s vibrant fruit processing sector”.

The delegation that was led by the Turkish Ambassador to Uganda Fikret Kerem Alp met the president at State House Entebbe.

In a statement, the Turkish embassy said it would focus on simsim and coffee initially, before transitioning to other sectors.

“Message well received from His Excellency and we shall focus on coffee, simsim and other food processing sectors for which Turkey is a big export market,” the embassy said.

“We thanked him for keeping Uganda in peace and our investors safe.”

Uganda currently exports mineral fuels, grains, vegetables, cotton, fish, raw hides and skins, and flowers to Turkey while Turkey supplies plastics, machinery, furniture, iron and steel, milling products, electronics, and so on.

The trade volume between Uganda and Turkey currently stands at $40 million. Recent reports have shown an uptick in trade ties between the two countries, with the number of visa applications to Turkey doubling in 2019 compared to 2018, and tripling in 2020, according to Kerem Alp.

Uganda and Turkey have enjoyed diplomatic relations for over 50 years in various areas including military and defence cooperation, trade, investment, education as well as parliamentary diplomacy.

President Museveni held another meeting with Turkish investors in March of this year and pitched the potential in mineral exploration and development.

“We are very interested in mineral development. On the gold, we have our own but also because of the security exports have gone up in the region. We have removed all taxes on refined minerals. If we can refine gold here, our people can benefit through making jewelry,” he said.

The President said other priority minerals include industrial steel, phosphates, copper, tin, pharmaceuticals and agro-processing.

"We have got high-grade Iron-ore and we need an integrated steel industry. We are now importing steel from China which is very expensive. We have some steel mills using recycled steel which is low quality. But we need strong steel for railways, dams, etc,” he said.

The Embassy of Uganda in Turkey officially launched the Honorary Consulate in Turkey's largest and most populous city of Istanbul in February.

Istanbul is home to over 3,000 Ugandans who live and work in the city and its surroundings.

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