The Rwandan business community is collaborating with the African Export-Import Bank (Afreximbank) to organize a roadshow in Kigali aimed at projecting the investment opportunities within the Rwandan private sector. This is in line with efforts by the Rwandan businesses to become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) which will provide significant opportunities to access the largely untapped markets and sectors in an integrated African market of over 1.3 billion people.
The Roadshow is being organized in collaboration with Rwanda’s Private Sector Federation (PSF) will seek to raise the awareness of the Rwandan private sector about the substantial benefits of attending the second Intra-African Trade Fair (IATF2020) which will take place in Kigali from 1 to 7 September 2020. According to Afreximbank, Rwandan businesses can take advantage of the AfCFTA by establishing new networks of business buyers and sellers from across the African continent, enabling the country to significantly expand its intra-African trade.
Speaking on the development, the President of Afreximbank Prof. Benedict Oramah said that “Rwanda’s economic transformation is undoubtedly one of Africa’s success stories. Rwandan businesses can further capitalise on this achievement by positioning themselves to take full advantage of the AfCFTA. Its removal of intra-African trade tariffs, progressive dismantling of non-tariff barriers and protectionism, will create a genuine single continental market. By attending IATF2020, they will gain an unrivaled opportunity to showcase their goods and services to buyers from across the African continent, whilst establishing new trade and investment links with a wide network of private and public sector players from more than 55 different countries.”
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IATF2020 is expected to be Africa’s main trade event of 2020 and is aimed at providing a marketplace for buyers and sellers of products and services from Africa and beyond to meet and explore business opportunities. It will offer a platform for Business-to-Business and Business-to-Government exchanges, as well as business networking and development opportunities leading to the expected conclusion of trade and investment deals worth $40 billion. The operational phase of the AfCFTA will commence on 1 July 2020.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry