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President Museveni Highlights Role of Regional Integration in Uganda’s Economic Prosperity

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president museveni highlights role of regional integration in ugandas economic prosperity
president museveni highlights role of regional integration in ugandas economic prosperity
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In a recent speech during Uganda’s 61st Independence Day celebrations, President Museveni emphasized the significance of regional integration in the country’s economic development. He pointed out that if he were in the United States, a nation with a substantial market, he could potentially be a billionaire due to the benefits of integration.

President Museveni highlighted the success of the United States, attributing it to the integration of the original 13 colonies and their subsequent expansion. He expressed his belief that if he were in the U.S., he could capitalize on the vast American market by selling products like beef, milk, bananas, and fruits to the affluent population.

He drew attention to the challenges faced by Ugandan producers, mentioning that despite the country’s large production of maize, beef, milk, coffee, and bananas, much of these products are not consumed locally, and surplus production struggles to find a market. President Museveni asserted that regional integration could lead to prosperity for these producers.

President Museveni urged leaders to focus on regional integration to support farmers and manufacturers, allowing them to sell their products more effectively. He emphasized the importance of integration to boost economic development and criticized those who prioritize tribal issues over regional cooperation.

Drawing a comparison with South America, President Museveni noted that the continent, despite its abundant natural resources, lags behind the United States in wealth due to fragmented markets. He stressed the need for East African and African integration to ensure success.

Furthermore, President Museveni discussed the importance of international contacts to make Uganda a reliable partner for trade, attract investors, promote tourism, and facilitate technology transfer.