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Rwanda: President Kagame Woos Singaporean Investors
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The New Times (Kigali)
23 May 2008
Posted to the web 23 May 2008
Kigali
President Paul Kagame on the second day of an official visit to Singapore met with business leaders and delivered a lecture at the National University of Singapore's Lee Kuan Yew School of Public Policy.
In a meeting with business leaders hosted by the Singapore Chamber of Commerce, the President spoke about the Government of Rwanda's efforts to improve the business climate and encouraged them to seek opportunities that the country and the region offer.
Addressing students and faculty of the Lee Kuan Yew School of Public Policy, on the topic of "Africa and Rwanda - From Crisis to Development", Kagame said that there have been fundamental changes on the continent that greatly improved prospects for economic growth and development.
Pointing out that emergence of Asian countries, especially China and India was a welcome addition to the global economy, President Kagame said that countries in Africa, which currently have the highest returns on investment, needed to work harder to dispel the prevailing perception of the continent as a place "unfit for business", and take advantage of the vibrant market economies of Asia to develop mutually beneficial business relationships.
He noted that Rwanda was consolidating reforms to sustain current socioeconomic and political gains and prioritising private investment as the foundation for economic growth and prosperity.
Kagame also visited Temasek Holdings, an investment company that owns and manages the Singapore Government's local and overseas direct investments, and toured Sentosa - a Singaporean tourist attraction.
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Kagame is today expected to begin a three-day official visit of Vietnam.
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