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Investment opportunities in Rwanda has taken the
lead in the ongoing Third North American Rwanda
Convention in Hyatt Morristown Hotel in New Jersey,
US, where President Paul Kagame was the chief guest.
In a two-hour meeting of the official opening of the
convention that attracted about 1,000 Rwandans from
and the Diaspora and guests, all speakers pointed on
the investment opportunities in Rwanda.
Several
speakers, including friends of Rwanda and Cabinet
ministers, highlighted the advantages of investing
in Rwanda, citing security and ease of setting up
business in the country.
In his
keynote address, President Kagame, who said that his
main purpose of travelling to the US was to attend
the convention, called upon Rwandan intellectuals in
the Diaspora to invest in their country, saying that
a state like Atlanta has over 65 Rwandans who are
PhD holders.
"In the
entire Africa, we face a problem of hiring
expatriates, yet we produce about 30,000 African
professionals every year. We need your skills to
supplement the good work going on back home."
The
President also talked about Rwanda's Vision 2020,
saying the nation is encouraging capacity building.
"We are emphasizing capacity building. In the field
of agriculture we are and must ensure that
agriculture is productive and market oriented," he
said.
"Our
economy is growing from strength to strength," he
added. "We have begun to attract a culture that
entitles all civil servants to economic growth."
On the
requirements for future prosperity, Kagame said that
the private sector must be strengthened and that
regional integration was being emphasized.
"Rwanda's
geographical location is a basis to build on. We are
a landlocked country and we should take this as an
advantage for being a link to the regional
integration," he said.
Kagame
also stressed on human capacity, saying that it was
one of the main hindrances that the country was
facing. He said that Rwanda is still in a developing
stage and that much is still required to develop her
human capacity.
The
President criticized self-exiled politicians, saying
Rwanda has built a political system that is even
backed by the Constitution. He also said that there
was no reason that would stop someone from forming a
political party and that the government fully
believes in power sharing.
Kagame
also called for policy implementation, saying that
much research had been done and that it was time for
the implementation.
"We have
had much of this board work of the research reports,
but I call upon my fellow Rwandans not to entertain
this but emphasize on implementation policy. I
believe it has never been a problem of funds. I want
a concrete report showing progressive outcomes,"
said Kagame.
Also
speaking at the convention, the Director on Rwanda
Investment and Export Promotion Agency (Riepa),
Williams Nkurunziza, said that one of the
encouraging reasons to invest in Rwanda is working
with nationals who are devoted to poverty
eradication in their country. He said Rwandans share
a passion for collective prosperity of their county.
The
Minister for Commence and Investment, Protais Mitali,
presented what was called "The Rwanda situation and
vision", where he put Rwanda's GDP target by 2020 as
US$900 per capita from the current US$250. He said
Rwanda intends to develop her manufacturing
industries by 12 percent by 2020, while the
investment industry would develop by 25 to 30
percent.
Other
speakers included the former US Ambassador to the UN
and Chairman of Good Works International, Ambassador
Andrew Young, who praised the investment security in
Rwanda.
The
Chairman of Operation Hope, John Bryant, offered to
assist over 50,000 children in Rwanda.
President
Kagame's entourage had over 50 delegates from
Rwanda, including Cabinet ministers and business
people, amomg them the head of Rwanda Investment
Group, Tribert Rujugiro.
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