President John Magufuli’s recent two days official visit to Rwanda has a huge economical impact on the two neighbouring countries.
The visit has seen the two Presidents open the Rusumo one-stop border post. This means immigration and customs officials at the two countries’ border, work under the same roof. Meaning, there will be ease of travel and business operations and since both countries are members of the East African Community. The opportunity interprets to Rwanda getting smooth links for its exports and imports. Given that the country (Rwanda) is landlocked.
The good relationship is poised to open up more trade and business opportunities between the two countries–one is on possibility of Rwandese to increase their usage of Dar Port, second for growth of both formal and informal cross-border business.
And cargo volume from Rwanda via Dar Port in the first two months of this year increased by 5.1 per cent. Tanzania is to suggested to increase exports to Rwanda from 5.5 per cent to 15 per cent and ease transactions between companies trading in the two countries. Reports suggest that the two sides are organising a business forum in May to chart way forward on trade in both regions.
The partnership between these two countries is definitely expected to bring in a lot of business to both parties.
