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AfricaMoney | November 8, 2016

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Rwanda gets a Czech mark

Rwanda gets a Czech mark

Czech Republic’s Minister of Foreign Affairs Jan Kohout led a 30-strong business delegation to Rwanda to explore potential areas of investment. (Image: Ministry of Foreign Affairs of the Czech Republic)

Rwanda is the new place to be for Africa-focused investors around the world, and now the Czech Republic is cashing in on the trend. A 30-strong business delegation from the Central European economy was led by Minister of Foreign Affairs Jan Kohout to Rwanda to explore potential areas of investment.

The Czech group had a business meeting on Monday with the Rwandan government officials and the Rwanda business community. The delegation expressed interested in investing in the areas of energy, manufacturing, aviation, agriculture and services.

Kohout said that Rwanda, South Sudan, Uganda and Ghana had been selected as their economic mission in Africa and hoped that their business community would find investment opportunities in these countries during the October 13 to 18 visit.

He noted that Rwanda offers potential business opportunities because the country performs well in the World Bank doing business reports.

The exciting East African economy continues to attract direct foreign investments due to its strong performances in global rankings from the World Bank’s Doing Business Report to the World Economic Forum’s Global Competitiveness Index. In both reports, the corruption-free country finds itself ranked third in Sub-Saharan Africa, close on Mauritius’ and South Africa’s heels. Also, according to the 2013 Baseline Profitability Index by the Foreign Policy Magazine, Rwanda was ranked the fifth best destination for investment globally out of 102 countries surveyed.

Borivoj Minar, the head of the Czech business delegation, said it was their first time in Rwanda, but after holding meetings with government officials they feel strongly about establishing businesses in the country.

He noted that the Czech entrepreneurs were interested in investing in Rwanda in the areas of agriculture, aviation, and manufacturing and want to establish a joint venture with Rwandan business people to promote exports and imports.

The team, which was in the country for a two-day trip, also visited the Kigali Special Economic Zone.

Source: Xinhua

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