Djibouti will pay Uganda $20 million for the exportation of fruit products, the Djibouti Consul to Uganda, Muhammad Majyambere told the Federation of Associations of Uganda Exports (FAUEX).
“My government has set aside $100 million for the import of fruit products from the region,”he said adding that Ugandan farmers will be direct beneficiaries.
The horn of Africa nation is interested in among others mangoes, pineapples, pawpaws and bananas.
On its part, FAUEX through President John Kavuma requested Djibouti to grant Ugandan exports free clearance under the COMESA trading pact as well as a permanent warehouse from where the goods will be traded.
FAUEX is a private sector umbrella body of exporter enterprises, exporters associations and farmer and producer groups that seeks to build the capacity of all players in Uganda’s export value chain for competitiveness in the market.
Uganda exports horticultural products to Djibouti under the COMESA agreement and this new venture only opens up more space for Uganda’s exports.
Djibouti previously imported fruits from France.
In May, the country signed trade and investment bilateral agreements with the East African nation which was represented by Vice President Edward Sssekandi.