President Museveni praises President Obiang on Oil resource use.

Friday 27th January 2012

President Yoweri Museveni praised the government of President Theodore Obiang Nguema of Equatorial Guinea for the proper utilization of the country’s oil revenues, especially on human resource and electricity development.

The President made the remarks this afternoon at a joint press conference he held with the visiting President of Equatorial Guinea at State House Nakasero.

President Nguema who had been on a 3-day official visit in the country also graced the 26th NRM anniversary celebrations yesterday at Tegres Senior Secondary School in Kapchorwa district.

President Museveni hailed President Nguema for providing free primary, secondary and university education using oil resources saying it was the real infrastructure and once dealt with, the rest will be simple.

The President expressed his gratitude to note that Equatorial Guinea was on the right path by dealing with crucial areas like electricity and human resource development that will attract industries to their country.

Commenting on lessons the 2 countries will learn from the visit of President Nguema to Uganda, President Museveni pointed out that Uganda and Equatorial Guinea will share experiences in various fields, especially in the area of oil exploration and resource management as the country already has an oil training centre  that is similar to the one Uganda has just established.

The visiting President, Mr.  Obiang Nguema on his part recommended an establishment of a national body that will oversee petroleum exploration and resource management.

He lauded President Museveni for using African scientists and more so Ugandans, to discover the oil.

On his experience in the first year in office as Chairman of the African Union, President Nguema said he was disillusioned to discover that the African Union that has been in existence for a long time had not been accorded due respect that it duly deserves.

President Nguema said there was a lot of external interference on issues concerning the continent and it was high time African leaders united to avert this trend of events. He further encouraged African leaders to embrace solidarity as exemplified recently when they contributed over US$400 million to help the suffering people of Somalia in particular and the Horn of Africa in general.

Later, President Museveni held another joint press conference with the President of Rwanda, Mr. Paul Kagame, who was concluding his 3 day State visit. He was accompanied by his wife, Mrs. Jeannette Kagame.

In a joint communiqué that was issued before the press conference, the 2 countries re-affirmed, among other things, the historical and unbreakable bond between Uganda and Rwanda, to fast track the East African Community integration, the consolidation and focusing on identified areas of cooperation, like Information Communication Technology (ICT), cross border trade, defence and security, education and research, agriculture and food security as well as International Cooperation.

The communiqué also stated that the 2 countries agreed to eliminate Non-tariff barriers, to facilitate cross border trade and work jointly to eliminate non tariff barriers in coastal countries.

Later, a Memorandum of Understanding on cross border Trade, on tariff Barriers, co-operation on Micro Small and Medium enterprises and that of cooperation on cooperative development, was signed.

The Minister of Industry, Trade and Cooperatives, Mrs. Amelia Kyambadde, singed on behalf of the Government of Uganda while the Rwandan Minister of Commerce, Trade and Industry, Mr. François Kanimba, signed the MOU on behalf of the government his government.

President Kagame, at the press conference praised the Gacaca courts in his country saying they contributed to the reconciliation of the aggrieved in Rwanda.

On sharing of experiences in industrialization, both leaders noted that the 2 countries will consult on areas to work together and pointed out that there was already an East African Energy Master Plan where the countries in the region will work jointly to identify sources of electricity.

The two leaders further reaffirmed their commitment to work together for the benefit of the people of Uganda and Rwanda and assured the people of the 2 countries in particular and East Africa in general, that they should expect from the 2 leaders insurance to guarantee their future.

ENDS

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