President Kagame’s tenure appeals to Egyptian investors
Rwanda, March 21 – President Paul Kagame, Rwanda’s Premier has delivered his promises to the citizens of the country and the government, with Egyptian investors already swarming in the country to inquire for the investment opportunities existing in the country. His policies, like his counterpart President John Magufuli, have appealed to investors that have pledged to work with the African state.
The conducive environment for doing business in the country has seen companies making way to the sub-Saharan nation in search of business. CBA Bank was the newest inclusion in the Rwandan market after the bank had analyzed the progress of the economy. The customary changes made by the Premier seem to steer the country to a perfect position of competing in the East Africa Community (EAC).
The key areas being sort after include textile sectors, agro-business and energy, with potential to expand and impact other sectors. Drawing similarities from Tanzania’s President whose leadership invited the French investors, President Kagame has won the heart of Egyptian delegates through his scepter.
The investors were meeting with market players in the metropolitan city of Kigali, to share thoughts on the business loopholes. The local businesses closed partnership deals with the investors and business agreements to keep in touch.
Egypt is more interested in imports and exports, which works perfectly for both ends. The trade has seen countries bag in millions of revenues and widen the market for their local goods. It has created a stronger partnership, and challenged the parties involved to offer quality services and products.
The revenues can be used to achieve the development goals it needs, improving the economy as well. It helps different fields to grow and perform better as they strive to make an impact in the economy. Local business operators have hailed the move saying it will bolster their businesses.