Business & MarketsPolitics & GovermentThe Big Story

Beyond U.S. threats to end AGOA and a defiant Museveni⏤ a detailed analysis of the U.S.-Uganda trade ties. Can Uganda survive without American business? For six decades, Uganda and the United States of America have been locked in a tight diplomatic embrace. But for now, it is challenging to quantify whether how, or why this embrace has quickly turned into mounting tensions which is bordering on trade and economic hostility.

Ugandan President, Yoweri Kaguta Museveni (left) and U.S. President, Joe Biden.

U.S. – Uganda bilateral relations took a nosedive at the end of October when U.S. President Joe Biden issued a statement that seeks to terminate Uganda’s membership under the Africa Growth and  Opportunity Act (AGOA)with another three countries effective January 1, 2024. Biden wrote that he took the step after determining that the Central African Republic, Gabon, Niger, and Uganda did not meet the eligibility requirements of section 104 of the AGOA. In a specific reference to the Uganda government, Biden noted that East Africa’s third-largest economy had engaged in gross violations of internationally recognised human rights.   President Museveni…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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