President Paul Kagame has assured investors both within and outside the country that there is full political will to support investors by continuing to provide them with incentives and assistance. The President was speaking to a visiting delegation of investors from China's Zhenjiang Province, yesterday, at Village Urugwiro.
The delegation, which is in the country on a three-day visit, is exploring potential investment opportunities, particularly in light industries and textiles. "Transforming our country is one of the major goals we want to achieve, and we can achieve that through business partnerships that have a direct impact on economic growth and the Rwandan people in general," Kagame said.
"I want to thank the Chinese for agreeing to be part of this transformation process and staying on the course of what we believe in and we will continue to work towards making a win-win situation possible." the President added.
He noted that Rwanda's strategy is not to seek short-term investors, but ventures that will impact Rwanda for a long time and as well as enabling investors to get maximum profits from their ventures in the country for a long period of time.
The Head of State added that in Rwanda, the government has provided an open and predictable environment, where investors know what to expect over a long period of time, saying that this means that there is a need for investors to partner with the government in a way that allows businesses to thrive. The President also brought up the East African Community, highlighting how joining the Community helped Rwanda to address some challenges that investors are concerned about.
Integration has helped to remove some bottlenecks to trade that existed between the East African countries. Additionally, EAC member states think more about how to benefit as a region by attracting investments through harmonization of procedures, such as visa requirements, or improving infrastructure, such as construction of railway lines and new roads which link the five member countries.
Prof, Justin Yifu Lin, who is the head of the delegation, said that based on what they have witnessed just within the three days of their visit has shown them that the country is on the right track to economic transformation. "I have been convinced since my first visit to Rwanda in June 2008 that this country has all the ingredients to become a success story for Africa's transformation," Lin said.
He added that, as China did in the 1980s, Rwanda has the potential and opportunities to become a better country economically and socially. The delegation is interested in contributing towards this journey through investing in textiles and light industries in the country.
He also acknowledged the President for putting in place policies that favor investors, adding that Rwanda's government is efficient and has a bright future ahead.