Monday, June 23, 2025
NEWSDAY
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business
No Result
View All Result
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business
No Result
View All Result
NEWSDAY
No Result
View All Result
Home News

Uganda-DR Congo Trade Volumes Up – Kyambadde

by www.newsday.co.ug
March 13, 2021
in News
122 7
Uganda-DR Congo Trade Volumes Up – Kyambadde
3.2k
VIEWS

Related articles

City Businessman Charged For Conning Over 370M In Fake Gold Deal

City Businessman Charged For Conning Over 370M In Fake Gold Deal

June 20, 2025
Muslims Mourn Former Supreme Mufti Ndirangwa

Muslims Mourn Former Supreme Mufti Ndirangwa

June 20, 2025

  • Bunagana boarter in Western Uganda

By URN

BUNAGANA. Trade volumes between Uganda and the Democratic Republic of Congo (DRC) has increased by USD 380 million, over the last three years, according to Trade Minister Amelia Kyambadde.

Kyambadde explains that in the year 2020, trade volume between the two countries increased to USD 580 million compared to USD 200 million in 2017. She attributes this to an increase in the number of Ugandan traders targeting the market in the Democratic Republic of Congo with agricultural exports like beans, maize, millet, sugar, fish, and sorghum, among others.

Kyambadde was speaking as the chief guest at the launch of the construction of a USD 1.3 million Border Export Zone at the Uganda-DRC border of Bunagana in Kisoro district on Friday. The Border Export Zone, being constructed by Techno Three Uganda Limited with the supervision of KK Partnership Architects is funded by the World Bank in partnership with Great Lakes Trade Facilitation Project (GLTFP) Uganda.

She says that if the volumes keep on increasing at this pace, Uganda has a chance of doubling its earnings from USD 2.6 billion to USD 5 billion in the next two years. She however calls for value addition to Ugandan exports, adding that at the moment, most goods exported to DRC are in raw form and as a result, she says, Ugandans are earning less than they should from their produce.

Kyambadde appealed to Ugandans and Members of Parliament to unanimously support the construction of roads in DRC to ease the transportation of goods to and from Uganda.


Several Ugandan traders opted for the DRC market following the closure of the Uganda-Rwanda border in February 2019.  Rwandan President Paul Kagame accused Uganda of hosting and facilitating dissidents especially from Rwanda National Congress-RNC and the Democratic Forces for the liberation of Rwanda FDLR, which have declared war on the Kigali government, and abducting Rwandan citizens.

The closure suffocated business at Katuna Border in Kabale district and Chanika border in Kisoro district.

Post Views: 172

Do you want to share a story, comment or opinion regarding this story or others, Email us at newsdayuganda@gmail.com Tel/WhatsApp........0726054858
Do you want to share a story, comment or opinion regarding this story or others, Email us on info@newsday.co.ug or ,Tel/WhatsApp........0702451828
Share168Tweet105SendShare
Next Post
Parliament clears Mutebile, Ochola contracts.

Parliament clears Mutebile, Ochola contracts.

Discussion about this post

  • Profile: Who is Hajjat Uzeiye Hadijah Namyalo

    Profile: Who is Hajjat Uzeiye Hadijah Namyalo

    1086 shares
    Share 434 Tweet 272
  • Sex video appearing to show a look alike of BBS’s Diana Nabatanzi in bed with man concerns her fans

    1698 shares
    Share 679 Tweet 425
  • Video shows Lwasa naked and why Diana Nabatanzi chucked him

    746 shares
    Share 298 Tweet 187
  • What caused a mysterious death of Former Elite High School Student

    474 shares
    Share 190 Tweet 119
  • Tension As EX Rebels Threaten To Spill Blood Over Their Land Near Luzira

    396 shares
    Share 158 Tweet 99
NEWSDAY

Your source of the most critical on spot breaking news from www.newsday.co.ug. Newsday Uganda is recognized by audiences around the world as a trusted supplier of news.

info@newsday.co.ug
+256702451828

Categories

  • Business
  • Entertainment
  • In History
  • In Luganda
  • in pictures
  • Lifestyle
  • News
  • Perspective
  • Politics
  • Sport
  • World

Recent Posts

  • City Businessman Charged For Conning Over 370M In Fake Gold Deal
  • Muslims Mourn Former Supreme Mufti Ndirangwa

© 2021 NEWSDAY.

No Result
View All Result
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business

© 2021 NEWSDAY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In