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China to work with Uganda in area of poverty reduction – President XI

China stands ready to work with Uganda to strengthen exchanges of governance experience, especially in poverty reduction, President Xi Jinping said on Thursday.

At a meeting with President Yoweri Museveni after the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) which held from Sept. 3 to Sept. 4, Xi said China will implement key infrastructure projects in Uganda.

Xi said China will help Uganda accelerate industrialization, and enhance cooperation in areas such as people’s livelihood.

Calling Museveni a longstanding China-Africa cooperation promoter and participator who has made important contributions to FOCAC development, Xi said China has always considered Uganda a key cooperation partner in Africa.

He said China supports Uganda in playing an even bigger role in maintaining regional peace and stability and is willing to strengthen communication and coordination with it in international and regional affairs.

Noting that the people of Africa will never forget their profound friendship with the Chinese, Museveni said Africa needs to strengthen cooperation with China in the process of African integration.

Museveni said Uganda thanks China for its assistance in Uganda’s social and economic development, especially in infrastructure construction, which has remarkably raised the country’s economic competitiveness.

Museveni assured that Uganda was willing to work with China on deepening cooperation in areas such as transportation, industrial parks, power supply, human resources, and on strengthening communication and collaboration in international affairs.

After the meeting, the two leaders witnessed the signing of bilateral cooperation documents. (Xinhua/NAN)

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.