80 Moroccan companies break ground in Rwanda at the Africa Business Connect 2017
Over 500 high-level delegates from Morocco and Rwanda gathered in Rwanda for the African Business Connect 2017 which has seen the signing of key agreements including between the National Federation of Electricity and Renewable energy and private developers within the renewable energy sector in Rwanda.
Rwanda Development Board also signed an agreement with The Moroccan Center of Export Promotion to deepen South-South pragmatic and interdependent cooperation.
Mr. Emmanuel Hategeka, Chief Operating Officer at Rwanda Development Board commented, “The African Business Connect promises to increase value addition and retention in Africa, boosting intra-African trade.”
The two countries are keen on promoting the Made In Africa brand and this symposium is important in providing a platform for companies from both countries to form synergies that will ensure an increase in trade flows.
“If we achieve higher regional trade our companies will not only be more competitive but we will also retain higher value within the region” Mr. Hategeka also added.
The African Business connect is the first initiative that confirms the new dynamic in bilateral trade since the visit of His Majesty King Mohammed VI of Morocco to Rwanda, where the world witnessed the signing of over 23 bilateral agreements in key economic sectors.
Mrs. Zahra Maafiri who is the Managing Director at Maroc Export also speaking at the press conference stated, “Together we can work to boost Made In Africa products because our continent is wealthy enough to contribute to the international market.”
The forum had been organized by Maroc Export & BMCE-Bank of Africa in partnership with Rwanda Development Board and the Private Sector Federation-Rwanda.