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MEMORANDUM OF UNDERSTANDING: Uganda, Chinese Company Sign Pact To Promote Environmental Protection, Carbon Exchange And Sustainable Development In Uganda

President Yoweri Museveni recently witnessed the signing of a Memorandum of Understanding (MOU) between the government of Uganda and the Luokung Technology Corporation and Shiftings Limited at State Lodge, Nakasero.

The memorandum that aims at promoting environmental protection and sustainable development in Uganda was signed on behalf of the government by the Minister of State for Environment, Beatrice Atim Anywar together with the Permanent Secretary- Ministry of Water and Environment, Alfred Okot Okidi and the Deputy Attorney General, Jackson Kafuuzi.

The Chief Executive Officer of Luokung Technology Corporation, Wu Ying, signed on behalf of her Company in the presence of the company's Chairman Song Xuesong.

On the other hand, the Chief Executive Officer of Shiftings Limited based in Nairobi Kenya, Shakhalaga Khwa Jirongo signed on behalf of his company.

According to Okidi, Luokung Technology Corporation intends to explore the possibility of setting up a platform in Uganda that will be used to create a carbon exchange for trading carbon not only in Uganda but also in the rest of Africa.

“The platform will store information about carbon in Uganda and the rest of Africa,” he said.