The third Rwanda-Zimbabwe Business Forum, which began yesterday in Kigali, marks another key milestone in economic diplomacy as the Second Republic ramps up efforts to unleash economic prospects in Africa.
The high-level event, co-organized by ZimTrade and the Rwanda Development Board, brings together business leaders, policymakers, and stakeholders from both countries to discuss new opportunities for partnership and investment.
Foreign Affairs and International Trade Deputy Minister Sheillah Chikomo, the head of Zimbabwe’s delegation to the forum, stated that the programme offers real answers for increasing bilateral collaboration.
“This business summit will provide an opportunity for both countries to establish new alliances and attract foreign investment.
“The following few days will see us exploring more opportunities to delve deeper into practical actions that can be taken in various areas of cooperation including Government and private sector,” she said.
Deputy Minister Chikomo also indicated the importance of the previous programme in promoting exports and meeting national export growth targets.
“In 2023 we achieved US$7.6 billion in exports of goods and services which was 5,2 percent above the targeted US$7.22 billion.
“The increase in exports between Zimbabwe and Rwanda since the beginning of our coordinated efforts in 2021 also contributed to this growth.
“Zimbabwe’s ability to surpass the targeted export figures is a reflection that goes to show how initiatives such as this one can boost trade,” said Deputy Minister Chikomo.
Rwanda Minister of Foreign Affairs and International Cooperation, Mr Vincent Biruta, said the business forum represents the deepening relations between Rwanda and Zimbabwe.
“Your presence here today signifies the deepening of our bilateral relations and the commitment to foster greater economic cooperation between our two nations. In recent years, we have witnessed a notable increase in economic collaboration between Rwanda and Zimbabwe.
“We must seize the occasion this forum presents to foster strategic economic partnerships that will benefit our respective people,” he said.
Mr Biruta also said it is important for the two countries to leverage on areas they enjoy competitive advantages.
“Rwanda and Zimbabwe share a common will for inclusive growth, sustainable development, and entrepreneurship.
“By working together we can unlock new opportunities, accelerate investment flows, and create an environment for businesses to thrive.
“As we navigate a complex global landscape, it is essential to identify and capitalise on emerging trends and market dynamics.
“Rwanda and Zimbabwe, with their unique strengths and capabilities, have much to offer the world. Leveraging our respective comparative advantages, we can create a cycle of growth and prosperity that benefits both nations”, said Mr Biruta. ZimTrade CEO, Allan Majuru said Rwanda presents several opportunities for Zimbabwean businesses and urged companies to take full advantage of business linkages platforms available during the Forum.
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