LONDON - President Paul Kagame has said that the major reasons investors should establish their investments in Rwanda is its security, political stability and a sound macroeconomic climate in the country.
He said this yesterday during an interactive discussion panel that was organised as part of the ongoing London Corporation Forum on Investing in East Africa that is underway in the English capital, London.
The high level forum, which brings together political leaders of the East Africa region and senior members of the British business community, aims at demonstrating to investors the positive changes taking place in the region.
The changes revolve around political and legal framework in East African countries, and how these changes are turning East Africa into an attractive investment destination.
During the discussion that was attended by various regional leaders, President Kagame said that another aspect that can attract investors in the country include the broadened market offered by the existence of the East African Community.
The regional bloc that brings together five countries is currently home to over 120 million people. While commenting on the widely contested media driven misconceptions on investing in Africa, Kagame said that Africans themselves need to first do the rightful. He said that by doing this, those who misrepresent either Rwanda or Africa will be denied any chance.
At the panel that was also attended by Ugandan President Yoweri Kaguta Museveni among other regional leaders, Kagame stressed that investment in appropriate technologies was a prerequisite “that will enable us to tell our stories.”
Other regional leaders who attended included Vice-Presidents of Tanzania and Burundi as well as the Secretary General of the East African Community (EAC) Juma Mwapachu.
Kagame, who is also the current chairperson of the EAC, pointed out the negative impact of the western media on Africa as another challenge derailing the pool of investment on the continent.
The central theme of the forum focuses on the misconceptions and perceptions investors have about East Africa. It will highlight the region’s achievements to get investors to think differently about the region.
The two-day event is a follow up of the 2007 Rwanda and Tanzania investment symposium that was also held in London.