• Latest
‘Stress Clinic’ Brings Back Comedy and Entertainment at UMA

Integrate African Market If You Want Prosperity- Museveni Tells EAC

2 years ago
BoU Proposes Technical Refinements to Sovereignty Bill to Protect Financial Stability

UWA Celebrates Rising Elephant and Buffalo Numbers in New Conservation Report

10 hours ago
BoU Proposes Technical Refinements to Sovereignty Bill to Protect Financial Stability

BoU Proposes Technical Refinements to Sovereignty Bill to Protect Financial Stability

11 hours ago
Amb Dr Yahya Ssemuddu Wins Prestigious Madinah Alumni Award

Amb Dr Yahya Ssemuddu Wins Prestigious Madinah Alumni Award

15 hours ago
Bank of Uganda Recognises Pearl Bank for Agricultural Financing Excellence

IGG, Auditor General and PPDA Launch Joint 5-Year Anti-Corruption Plan

15 hours ago
Bank of Uganda Recognises Pearl Bank for Agricultural Financing Excellence

Bank of Uganda Recognises Pearl Bank for Agricultural Financing Excellence

15 hours ago
MK at 52 Birthday Run Raises over Shs1bn, Gen Muhoozi to Announce Beneficiary Charities

MK at 52 Birthday Run Raises over Shs1bn, Gen Muhoozi to Announce Beneficiary Charities

15 hours ago
SoftPower News
Wednesday, April 29, 2026
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Featured

Integrate African Market If You Want Prosperity- Museveni Tells EAC

by Our Reporter
November 24, 2023
‘Stress Clinic’ Brings Back Comedy and Entertainment at UMA

President Museveni

12
VIEWS

President Yoweri Kaguta Museveni has reiterated the need for the East African Community (EAC) integration.

According to the President, East Africans, especially young people need to know why integration is very critical for the region.

Related Stories

UWA Celebrates Rising Elephant and Buffalo Numbers in New Conservation Report

BoU Proposes Technical Refinements to Sovereignty Bill to Protect Financial Stability

Amb Dr Yahya Ssemuddu Wins Prestigious Madinah Alumni Award

“There are three reasons; number one is do you want prosperity or not? If you say you don’t want prosperity, then there’s no problem, but if you say you want it, the question is where will the prosperity come from?” he inquired.

President Museveni made the remarks during the 23rd Ordinary Summit of the EAC Heads of State that took place in Arusha, Tanzania.

The summit ran under the theme: “Accelerating Economic Recovery through Climate Action and Enhancing Food Security for Improved Livelihoods”.

The President explained that prosperity cannot come from aid from foreigners or government handouts, but it comes from a family, company or an individual who produces a good or a service and sells it.

“You produce a good or a service and somebody buys it. If more people buy from you, then you become prosperous. Therefore, you cannot talk of prosperity in Africa without talking about market integration,” he said.

“If you want to experiment with that, you should go to Latin America. Latin America is richer than the United States in terms of natural resources; if you look at the rivers, the biggest river in the world, the Amazon is located in South America, and the forests, agricultural land, and minerals are all there in South America, but you see the misery there. So, what is the problem? Part of the problem is organisation. In the US if you are in New York, you produce a product, it can be sold to California. They have got a market of more than 300 million people,” he noted.

President Museveni further expounded that the market is a stimulus for wealth creation and prosperity and that is why as leaders, they advocate for the integration of the East African market.

“A country like Uganda wasted a lot of time-fighting and so on,  when we settled down, we started producing and very soon we realised that the internal market was not enough for milk,  maize,  sugar, among other products.”

President Museveni also outlined Strategic security and undugu (brotherhood) as the other reasons why East Africa needs integration.

“The second reason is strategic security. How can you be secure in the world? The third reason is undugu, we are even lucky that we have Swahili as the East African language, we can all speak Swahili. Therefore, it is easy for us to unite. This is why some of us under the leadership of Mwalimu Nyerere, for the last more than 60 years have been struggling for East African integration.”

Tags: EACEAC summitMarketsMuseveniSoftPowerSoftPower NewsTop Uganda NewsUganda

Recent Stories

UWA Celebrates Rising Elephant and Buffalo Numbers in New Conservation Report

BoU Proposes Technical Refinements to Sovereignty Bill to Protect Financial Stability

Amb Dr Yahya Ssemuddu Wins Prestigious Madinah Alumni Award

IGG, Auditor General and PPDA Launch Joint 5-Year Anti-Corruption Plan

Bank of Uganda Recognises Pearl Bank for Agricultural Financing Excellence

MK at 52 Birthday Run Raises over Shs1bn, Gen Muhoozi to Announce Beneficiary Charities

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?