Rwanda Looks at Chinese Investors at China-Africa Expo | New times

Rwandan officials are seeking to persuade Chinese companies to invest in the country during the second edition of the China-Africa Economic and Trade Expo (CAETE) which kicked off Sunday, October 26 in China’s Hunan province.

Organized twice a year by the Chinese Ministry of Commerce (MOFCOM) and the government of Hunan Province, the event is considered the most important exhibition in the framework of China-Africa cooperation.

It brings together African countries and leading Chinese leaders, economists and businessmen, focusing on key areas such as trade, tourism and investment promotion, agricultural technologies, innovation, energy and electricity, common industrial parks, infrastructure, financial cooperation, health, etc.

In the inaugural edition of the event which took place in 2019, Rwanda successfully participated, as, for example, Gashora farms secured a $ 500 million deal to export dried chili to China.

For this year’s CAETE, Rwanda was invited as one of the “guest countries of honor”, ​​which gives it a platform for more visibility and media coverage.

Talk to New times Regarding Rwanda’s expectations at the second edition of the exhibition, James Kimonyo, the Rwandan envoy to China said that it was not only an opportunity to showcase goods and services, but also to attract investors.

“It is a platform for us to present investment opportunities in Rwanda, to attract potential investors,” he said.

“Yes, we have the market (in China) for things like chili and coffee, but do we have enough quantities to supply this huge market? So we want to encourage the Chinese to invest on the supply side, developing local businesses and using technology, so that we have enough products to market in the Chinese market. “

The exhibit also includes meetings with policymakers, economists and other influential people – which Kimonyo says provides an opportunity to introduce them to the reforms the country has put in place in terms of improving the climate in the city. ‘investment.

Due to Covid-19, many people from Rwanda were unable to travel to China, but sent their products there to be displayed with the help of the Embassy and other Rwandans living in the country Asian.

Among the products exhibited by Rwanda are: coffee, chilli, tourist services, avocado oil, tea, etc.

At one of the exhibition forums, Rwandan Minister of Trade and Industry Beatha Habyarimana will deliver a keynote address on September 27, during which officials will discuss the impact of the Covid-pandemic. 19 on China-Africa production capacity cooperation, among other topics. .

Hunan, the province where the exhibition will take place, is a key part of the Chinese economy.

With a GDP of over 600 billion dollars, Hunan ranks in the top 10 of Chinese provinces and has 10 competitive industrial clusters, including agro-industry, construction machinery, electronics, new materials, l automotive, parts and mining.

Recently, on behalf of the city of Kigali, the Rwandan Embassy in China signed a letter of intent with Hunan Province, aimed at deepening economic cooperation between the two parties in industrial development, education, etc.

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