Angolan businesses eye investment opportunities in Rwanda

A delegation of business actors from Angola is in Rwanda to explore potential areas of investment. Some 20 Angolan business operators headed by Isabel E. Soares da Cruz, President of Angola’s Chamber of Commerce and Industry, are on a one-week visit to Rwanda since November 13. Adelain Kajangwe, in charge of investment promotion at Rwanda Development Board (RDB), said they have seen interest from Angolan companies seeking to trade or invest in Rwanda. “This is what we want to build on and see how we can bring in more investments in Rwanda, specifically in areas where they have potential,” he said. Rwanda is also keen on leveraging off Angola’s advanced level in mining for value addition. Ambassador of Angola to Rwanda , Eduardo Filomeno Leiro Octavio delivers remarks during the conference in Kigali. Craish BAHIZI The manufacturing sector is also targeted, he disclosed. “This is a nursing sector that we are trying to promote…we are looking at construction materials, garments, assembling and agro-processing. These are key basic things we need as a country to address challenges we have today.” He said Rwanda was also looking at exporting Information and Technology services. “There are some key platforms that we’ve established that can work for Angola as well,” he added. Some 20 Angolan business operatorsare on a one-week visit to Rwanda since November 13. He added that plans are underway to have a direct flight to Angola which will facilitate logistics and further collaboration. Soarez da Cruz said they are delighted to do business with Rwanda because of its leadership that is going to change the mindset of many Africans. “Angolan people want to invest in agriculture and fisheries. Rwanda imports fish from China yet we have many and different types of fish,” she said. Establishing a business in both Rwanda and Angola does not require one to have a local partner. Eric Gishoma, the First vice-chairperson of Rwanda’s Private Sector Federation, said that the following step is to sign memoranda of understanding between these businesses as some have already started. Isabel E. Soares da Cruz, the President of Angola’s Chamber of Commerce and Industry, delivers remarks during the meeting that brought together Rwandan and Angolan business operators in Kigali on Wednesday, November 17. Photo: Craish Bahizi. He added that this visit will also boost the interest of investors from Rwanda. Carlos Pinto, the representative of MS Telecom, a telecommunication company from Angola, said he is confident to get business partnerships with telcos in Rwanda Angola and Rwanda are expected to sign more than 13 agreements in sectors such as justice, human rights, mining and natural resources among others. According to Kajangwe, these agreements will be signed during the upcoming International Conference on Great Lakes Region (ICGLR). In 2020, Rwanda and Angola signed a partnership in the field of civil aviation, security and public order, information technology and investments opportunities.

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Angolan businesses eye investment opportunities in Rwanda