Ugandan President Yoweri Kaguta Museveni has advised the European Union leaders on how to control the world politically.
He emphasised the need for European Governments to stop mixing politics with business.
“The non-trade barrier created by wrong politics where people mix politics with business, you need to advise governments in Europe to get out of that mistake, because there is no way you can control the world politically,” President Museveni advised.
He made the remarks today at the 3rd Uganda-European Union Business Forum 2024, at Speke Resort Munyonyo. The three-day forum which started yesterday, is running under the theme: “Boosting Trade and Investment”.
The President explained to the participants that a business is an enterprise that makes profits and that the higher the profits the better.
“Therefore when you are talking about businesses ,you should look at the level of profitability of businesses in this part of the world compared to Europe, Asia and other investment destinations,”President Museveni expounded.
He also said that for a business to make profits, it must have three elements which include, the production of a good or service, a consumer who has got the ability to pay for a good or service and the infrastructure which links the producer of the goods and services to a consumer which is transport and communication.
The President also urged the European Union to ensure that they engage in a serious dialogue with Africa to create more business opportunities among both parties.
On the other hand, President Museveni warned against exploitation and unfair division of labour by the western powers.
