ALGIERS – Sunday, 01 October 2023 (APS) – Algeria-Uganda Business Council, installed Saturday in Kampala, Uganda, has held its first session, the ministry said in a statement.
The council was installed on the sidelines of the Algeria-Uganda Trade and Investment Forum, opened Saturday under the theme “The Opportunities of the African Continental Free Trade Area (AfCFTA) for Strengthening Bilateral Trade between Algeria and Uganda,” with the participation of representatives of 51 Algerian companies as well as businessmen from both countries, the statement said.
The installation of the Algeria-Uganda Business Council is an outcome of the partnership and cooperation agreement signed Friday by the Algerian Chamber of Trade and Industry, and its Ugandan counterpart, under the supervision of the minister of Trade and Export Promotion, Tayeb Zitouni, and the Ugandan minister of Trade, Industry and Cooperation Francis Mwebesa.
In a statement on the sidelines of the economic event, Houcine Zaoui, the managing official in the chamber, said the joint business council was a mechanism aimed at enhancing economic cooperation between the two countries, stressing the “promising” opportunities offered to the two sides.