RDB, APIEX sign MoU to promote strategic private sector investments
KIGALI, October 06, 2021: Rwanda Development Board (RDB) has signed a Memorandum of Understanding with the Investment and Export Promotion Agency (APIEX) of the Republic of Mozambique to attract, promote and facilitate investments between the two countries.
Strategic sectors of focus include; agro-processing, tourism, healthcare, mining, and real estate sectors, among others.
Speaking at the signing of the MoU, Richard Tusabe, Rwanda’s Minister of State in charge of National Treasury, said:
“The timing of the signing of this MoU could not be any better. This is when we are trying to catch up on what we have lost over the last two years of the pandemic. The effects will be long-term, but through cooperation, we can shorten the recovery period. We need to complement each other in terms of policies and implementing strategies that respond to our national challenges.”
Carlos Alberto Fortes, Mozambique’s Minister of Industry and Trade, said:
“The current COVID-19 pandemic situation calls for different approaches to decisions that we have to make to recover our economies. Working together is much better than working alone. This is what we will continue to enforce between our two governments. No one is going to do the development of our countries on our behalf. It will require a lot of sacrifice and effort.”
Commenting on the MoU, Zephanie Niyonkuru, Deputy CEO of Rwanda Development Board, said:
“With the signing of this MoU, expectations are high regarding the business prospects for the private sector in Rwanda and Mozambique. We look forward to growing our bilateral trade and investment relationship underpinned by the friendship of both countries.”
The delegation from Mozambique will meet with members of the private sector in Rwanda during their three-day visit, among other engagements.
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For media inquiries, please contact:
Doreen Ingabire, Head of Communications
Rwanda Development Board
Tel +250 78952 55 98
Editor’s note
- Rwanda’s exports to Africa Countries increased by about 50% over the last five years, from USD 108 Million in 2015 to USD 160 Million in 2019
- In July 2018, Rwanda and Mozambique signed a Memorandum of Understanding to promote investment and exports
- In the period 2018-2020, Rwanda’s exports to Mozambique were estimated at US$741,426 (solar systems, hot rolled steel plates), while imports from Mozambique amounted to US$9.8M (mainly sugar and sugar confectionery)
About RDB
Rwanda Development Board is a government agency responsible for leading the country’s transformation to a dynamic global hub for business, investment, tourism and innovation. Its mission is to fast track economic development in Rwanda by enabling private sector growth. For more information visit www.rdb.rw.
About APIEX
APIEX is the Trade and Investment Promotion Agency of Mozambique. For more information visit: www.invest.apiex.gov.mz
