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H. E Ambassador Extraordinary and Plenipotentiary of the Republic of Uganda to the Russian Federation meets the President of the Kursk Chamber of Commerce and Industry on 21 August 2018

Wednesday, 22nd August 2018
H. E Ambassador OLWA met the delegation of the Kursk Chamber of Commerce and Industry on the 21 August 2018.

The delegation comprised of;
1. Mr Victor Nikolaevich, President of Union, Kursk Chamber of Commerce 

2. Ms Elena Pavlovna Tesleva, Vice President of the Kursk Chamber ofCommerce and Industry 

3. Alexander Frantsevich Jager,  Chairman of the Board of the Association of Employers " Union of Industralist and Entreprenuers" Chairman of the Council of Union " Kursk Chamber of Commerce and Industry "

4.Reprentatives of Universities and  Business enterprises 

This was a coutersy meeting to share information about the opportunities and potential of trade , investment, education and cultural exchange between the Kursk Region of the Russian Federation and Uganda with the bid to establish relations between the Kursk Chamber of Commerce and the Republic of Uganda in these areas.

Among the issues discussed and agreed on are ;

1. The Kursk Chamber of Commerceand Industry will draft a Memorandum of Cooperation between their Chamber and the Uganda National Chamber of Commerce of Uganda 

2. The Embassy will furnish the Kursk Chamber of with business proposals for Coffee, Cotton among others.

3. The universities will provide the Embassy with detailed information about programmes offered for foreign students.

4. Both parties will continuously share information about available trade and investment opportunities.

What can Uganda benefit from Kursk ?

Education opportunities , technological transfer, gain expertise, trading , and lure investors.

The Kursk Region is in the European part of the Russian Federation. In the north it borders the Bryansk Region, in the east it borders the Oryol and Lipetsk regions, in the south it borders the Voronezh and Belgorod regions and in the west it borders Ukraine. 

The Kursk Region comprises 28 districts and 5 cities under regional administration (Zheleznogorsk, Kursk, Kurchatov, Lgov and Shchigry) with an area of 29,800 sq km

Kursk is located 536 km from Moscow

Main natural resources of Kursk

The primary natural resources of the Kursk Region are iron ore of the Kursk Magnetic Anomaly, dolomite, copper and nickel ore, bauxite, non-metallic materials for the construction industry, phosphate rock, peat and mineral water. Considerable oil deposits have been found in the region. 

The leading regional industry is electric power generation followed by the iron and steel sector, machine-manufacturing, metal-working and food processing (76.1% of industrial production). The region produces 48.0% of the total amount of fabric-ply belt in the country, 47.1% of cash registers, 28.2% of alkaline accumulators and batteries and 19.4% of iron ore extraction.

The energy industry

The energy sector accounts for 31.7% of industrial output. The largest enterprises in the sector are the Kursk nuclear power plant and the Kurskenergo company (TETS-1) The Kursk nuclear power station (4000MW) is one of the most powerful in the Russian Federation.


The chemical and petrochemical industry

This industry accounts for 5.8% in industrial output. The main specialisation is rubber technical goods, chemical fibre, polymer and composite goods. The Kurskrezinotekhnika company is the leader in the region's chemical and petrochemical industry. It accounts for nearly 70% of the industry's output.


Machine-manufacturing

This industry accounts for 16.2% of industrial output. Regional enterprises specialise in the production of accumulators, bearings, automatisation devices, mobile power stations, prospecting and drilling equipment, parts for agricultural machines, walk-behind tractors, metal-cutting machines and press-forging machinery. The largest enterprises are Akkumulyator, Elevatormelmash, Kursk Bearing Company, Pribor and Elektroagregat. A considerable part of the industry's output is exported.

The ferrous industry

This industry accounts for 14.9% of industrial output. The largest plant is the Mikhailovsky Ore-Mining and Processing Plant or Mikhailovsky GOK (extraction of iron ore, production of iron-ore pellets and sintering ore and concentrate).

Forestry and wood industry

In forestry, wood-processing and the pulp-and-paper industry, 85% of the total output is concentrated in 10 enterprises including GOTEK, Izoplit and the Kursk Carton Factory.

The food industry

This industry specialises in meat and dairy products, canned fruit and vegetables, candy and sugar. It accounts for 13.3% of industrial output. The food and processing industries of the agro-industrial complex of the Kursk Region comprise more than 100 enterprises. The largest enterprises are Kurskmakaronprom, Konditer-Kursk, Konfi, Krasnaya Polyana, and the Kurskaya poultry factory.

Agriculture

Farm land constitutes 81.4% of the region's area, arable land - 64.8%. Grain, technical and feed crops are grown in the region. Cattle for meat and dairy products, as well as pigs and poultry are raised in the region. The farms in the region specialise in grain, sugar beet and feed crop cultivation.

It is benefitial that the two Chambers establish a memorandum of Cooperation to facilitate information sharing and link up businesses 


Source: Embassy of Uganda,Moscow

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