August 1, 2013

Thai PM Holding Talks with M7

The Prime Minister of the Kingdom of Thailand who is also the Minister of Defense, Yingluck Shinawatra who left her country on Sunday is in Uganda for an official state visit at the invitation of President Yoweri Kaguta Museveni.

Thai PM Yingluck Shinawatra
Thai PM Yingluck Shinawatra

She arrived in the country on Thursday and has in the past few moments been received at Entebbe State House by President Yoweri Museveni and the First Lady, Janet.

Shinawatra’s African tour which will see her visit Mozambique and has been to Tanzania all aimed at strengthening economic ties between African countries and Thailand.

President Museveni was in Thailand on an official visit in 2012 during which the two leaders discussed various bilateral and regional issues, especially trade, investment and technical cooperation.

Yingluck Shinawatra tour is majorly to promote Thailand’s new strategy on the continent, which is set to be a new market for Thai investors

At least 17 agreements will be signed during the trip, by the Thai Premier. Of these, Thailand will sign eight agreements with Mozambique, six with Tanzania and three with Uganda.

About 60 Thai businessmen from sectors including energy, food, construction and tourism are accompanying her.

Deposed former premier Thaksin Shinawatra has made several investments in Africa.

Thaksin told Forbes magazine last November that his holding company Global PS had invested “about $30 million” in African mining concessions.

The agreements cover gold, platinum and titanium in Uganda and two other Africana countries.

Uganda is looking at Thailand as model of development and Ms Yingluck is said to stress the importance of cooperation between Thailand and Africa in the energy, jewellery and infrastructure sectors according to Thai media.

The two leaders are also discussing roads and railways with Thai investors also looking at opportunities in agriculture and oil and gas industries.

 

 

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