Uganda, May 10 -- Uganda and Tanzania reduced the trade deficit in 2023 by about $6m (about Shs22.6b), with exports closing at an estimated $186m (about Shs703b) up from $135m (about Shs510b), and imports at $192m (Shs725b).

The revelation yesterday by Ugandan diplomats in Kampala comes on the backdrop of the two countries fast-tracking development of key multi-billion dollar infrastructure projects to further cement bilateral relations and economic integration.

The infrastructure includes the $4b (Shs15 trillion) East African Crude Oil Pipeline (EACOP) from Hoima in mid-western Uganda to the Indian Ocean Tanga port, a reverse liquefied natural gas (LNG) pipeline from the south-eastern Mtwara region to Uganda, and the 130km Tabora/249km...