The Rwanda Development Board (RDB), in partnership with the Embassy of Rwanda in China, organized a roadshow in the cities of Beijing, Shanghai, Shenzhen and Dongguan province to showcase Rwanda’s investment and tourism opportunities to Chinese investors.
The roadshow, dubbed ‘Rwanda Week in China’ took place from 30th August – 8th September. Organized at the sidelines of the Forum on China Africa Cooperation – FOCAC, Rwanda Week in China entailed investor forums in Beijing and Shenzhen that attracted over 400 companies as well as one on one sessions with targeted Chinese investors and tour operators.
Speaking to the potential investors, the RDB Chief Operating Officer Emmanuel Hategeka encouraged them to visit Rwanda, invest in Rwanda;
“Rwanda is open for business. There are vast profitable investment opportunities and the country offers the right kind of business environment that investors can leverage on to successfully do business. In addition, investors to Rwanda can benefit from the bigger East African Community market of 168 million people as well as the Common Market for Eastern and Southern Africa (COMESA) with 21 member states and a population of 520 million people, where you can export duty free, quota free,” he said.
In addition, Hategeka emphasized that investors should take advantage of the excellent bilateral ties between Rwanda and China, following President Xi Jinping’s commitment to support and facilitate trade and investment through a $USD 60 billion funding for Africa announced during the FOCAC summit.
He added that Rwanda is rated as one of the most efficient governments in Africa, the safest and most secure country to live in and do business. He emphasized that the Government of Rwanda will continue to work with Chinese partners to ensure a win-win situation in trade and investment co-operation.
Hategeka also encouraged Chinese to visit Rwanda noting that Rwanda has everything Africa has to offer in one country; combining breathtaking landscapes, well preserved forests, wildlife, easy access to the rare mountain gorillas, visa on arrival regime and most importantly, a safe environment.
Other key highlights of the roadshow included signing of various MOU’s including one with the China Council for Promotion of International Trade (CCPIT), the China-Africa Development Fund (CAD Fund), one with Chongqing Chamber of Commerce and another with Henan Province to accelerate matching business opportunities between Rwanda and Chinese investors. The $10 billion CAD Fund is a huge opportunity to facilitate FDI inflows to Africa in industrial parks, power generation, transportation infrastructure, manufacturing and other sectors.
Several factories and industries were also visited by the Rwandan delegation and these include; Huajian industrial park in Dongguan that produces shoes and textiles, Qianhai vc incubator (QVCI), Ideal Technology which manufactures electronics and UBTECH which deals with robotics.