Uganda Set to Gain from BRICS Partnership: Minister's Insight

Kampala, Jan 11 (NationPress) Uganda's recognition as a BRICS partner state marks a pivotal moment for the East African nation, allowing it to foster stronger relationships with leading emerging markets and support its own developmental goals, a high-ranking official has stated.

Effective from January 1, 2025, Uganda officially joined BRICS, alongside eight other nations.

"We have entered a forum of nations that are significantly industrialized, many of which have risen from conditions similar to our current situation," remarked John Mulimba, Uganda's Minister of State for Foreign Affairs in charge of Regional Cooperation, in an interview with Xinhua news agency.

"BRICS presents a remarkable chance to leverage their technological innovations and advancements, particularly in the realm of information and communication technology, which can serve as a catalyst for societal change," he further noted.

Within the BRICS framework, Uganda aims to establish itself as a prime investment hub, showcasing its wealth of resources, including energy and valuable minerals sought by member nations.

If Uganda or the African continent enhances merely five percent of its natural resources' value, it could generate over five million jobs for the region's young workforce, Mulimba highlighted.

Furthermore, he stated that Uganda's entry into BRICS provides an avenue to explore financial alternatives beyond Western credit systems, which often come with stringent conditions.

BRICS stands for Brazil, Russia, India, China, and South Africa, representing five key emerging markets with substantial economic prospects.

Since its inaugural summit in 2009, the bloc has expanded its membership. In Africa, Egypt, Ethiopia, and South Africa are the only full members.