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AfricaTrade & IndustryUganda

AfCFTA: Uganda takes advantage of Africa’s market of 1.3bn people

By Oluwaseun Sonde

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he Government of Uganda has taken the advantage of Africa’s market of 1.3 billion people by joining other African governments to sign the African Continental Free Trade Area (AfCFTA) Agreement.

In a statement released by Ugandan Government on Monday, while recognises the fact that Uganda’s current market, estimated at 45 million people, is insufficient to guarantee the country and its people’s prosperity.

AfCFTA which removes obstacles to movement of goods and people across African countries as Ugandan Government is aware that her economic prosperity alone is not enough.

Therefore, Ugandan government will continue to pursue the policy of integration for prosperity and strategic security. “Political integration is the only safeguard against aggression from bigger powers”.

While stated that Uganda is on the right trajectory. “Through our collective effort, the democracy rating is growing and maturing while people’s freedoms are entrenched and safe. The social, economic and political gains are cemented and irreversible.


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