Egypt, Uganda ink MoU to enhance investment ties

SHARM EL SHEIKH, Egypt, Dec 9 (MENA) - The General Authority for Investment and Free Zones (GAFI) signed with Uganda Investment Authority (UIA) on Sunday a memorandum of understanding (MoU) in the field of enhancing investment ties.

The MoU was inked on the sidelines of Africa 2018 Forum by GAFI CEO Mohsen Adel and Sheila Mugyenzi on behalf of UIA CEO.

The MoU tackled boosting business relations and promoting cooperation between GAFI and UIA in order to enhance investment opportunities and establish direct ties among the Egyptian and Ugandan business circles in the investment fields.

The memorandum stipulates also that both countries exchange business missions and visits to get acquainted with their experience and expertise in the domain of encouraging investments in addition to organizing joint conferences and symposiums related to investments in both countries.

The MoU states exerting utmost effort by the two countries in order to remove obstacles hindering the growth and increase of investments via finding suitable solutions and exchanging technical expertise regarding investment opportunities.