Museveni takes over from the outgoing President of Malawi Joyce Banda who handed over the chairpersonship during the ongoing COMESA summit taking place at Speke resort hotel Munyonyo. .

Speaking after assuming the seat, Museveni called for integration of African countries through trading blocs , noting that African economies are too divided.

English: Yoweri Kaguta Museveni. (Photo credit: Wikipedia)

He says this undermines their profitability and foreign direct investment.

Museveni said that in order for trade to increase within the COMESA region, there is need to work on infrastructure development with railway links to Southern Sudan, DR Congo and Rwanda, as well as Ethiopia, Somalia and Kenya.

The summit is attended by African leaders who include Robert Mugabe of Zimbabwe,

Mwai Kibaki of Kenya, Joyce Banda of Malawi, Dr. Ikiliou Dhoinine of  Comoros and Ethiopian Prime Minister Hailemariam Desalegn among other heads of delegations.

The post Uganda President Yoweri Museveni now chairman of COMESA first appeared on Uganda Multimedia News & Information.

The private sector in partnership with government is hosting the 8th COMESA business forum scheduled for 20 November this year.

The two day conference is aimed at addressing issues like the African business landscape through free trade across Africa, how to do business with the first world through competitiveness in agriculture, tourism and many others.

However the Private Sector Foundation Uganda says although Uganda has got the opportunity to host the summit it is not yet in the COMESA free trade area agreement.

The executive director Gideon Badagawa says this is the perfect time to join the free trade area because it will boost growth of intra African trade.

The post Uganda to host COMESA business forum first appeared on Uganda Multimedia News & Information.