- To the great relief of Ugandan milk processors, the Zambian market has opened up to Ugandan milk.
- Kenya was the largest market for Uganda’s milk exports.
Kenya was the largest market for Uganda’s milk exports. However, for the past three years, milk exports have faced difficulties after Kenyan authorities seized at least 3,000 bags of powdered milk and packages of Lato Milk, claiming Uganda had smuggled these products into the country without paying taxes. The impasse has remained unresolved since then, causing milk prices to plummet and affecting hundreds of people in the trade. Milk prices collapsed from 750 shillings per liter to 250 shillings per liter.
To the great relief of Ugandan milk processors, the Zambian market has opened up to Ugandan milk. Addressing milk processors, the Minister of Agriculture, Animal Industry, and Fisheries called for quality testing of Ugandan milk before closing their markets, as the country adheres to international standards and its products are ISO certified. He added that unnecessary trade wars without proof are a hindrance to development in the region.
According to statistics from the Dairy Development Authority, milk production in Uganda increased from 2.5 billion liters in 2018 to 2.8 billion liters in 2020. Dairy exports exceeded 341 billion shillings over the past four years.
- The French multinational telecommunications company announced its plan to increase its investments in Egypt by approximately $300 million in 2022.
- This announcement was made during a meeting at the headquarters of the French Business Council “MEDEF” in Paris.
The French multinational telecommunications company announced its plan to increase its investments in Egypt by approximately $300 million in 2022. This announcement was made during a meeting at the headquarters of the French Business Council “MEDEF” in Paris. A number of Egyptian ministers, the head of the General Authority for Investment, and the Executive Director of Egypt’s Sovereign Fund were also present at the meeting. The meeting reviewed ongoing cooperation with France, particularly in the fields of electricity, telecommunications, and development finance.
Other French companies that participated in the meeting included L’Oréal, Alstom, and SYSTRA. A representative from L’Oréal stated that its factory in Egypt exports 85% of its production. Representatives from Alstom and SYSTRA expressed their satisfaction with participating in the ambitious transport and railway projects being implemented by Egypt. The French Employers’ Council assured its support for encouraging more French companies to explore the Egyptian market.