Uganda President Yoweri Museveni seeks to boost exports and rein in borrowing

Uganda's President Yoweri Museveni gestures near his herd of Acholi cattle at his farm in Kisozi settlement of Gomba district, in the Central Region of Uganda, January 16, 2022. [Reuters]

Uganda wants to curb its borrowing and boost exports in sectors such as meat and dairy as the East African country lifts restrictions triggered by the coronavirus pandemic, President Yoweri Museveni and government officials told Reuters.

Uganda’s trade push follows several years of reduced Chinese lending to the continent and as programmes designed to offer relief to indebted countries as they recover from Covid-19-induced slumps start to expire.