Rwanda private sector readies for Commonwealth Business Forum
Rwanda’s private sector players are optimistic of business and investment opportunities that will come with Rwanda hosting the upcoming Commonwealth Business Forum (CBF) that will take place during this year’s Commonwealth Heads of Governments Meeting (CHOGM 2020).
This was revealed today in a breakfast meeting organized by RDB (Rwanda Development Board) and the Private Sector Federation (PSF) to engage members of the private sector on the opportunities that they stand to take advantage of by participating at the CBF.
CBF will bring together between 1,000 to 1,200 business and government leaders from all Commonwealth countries for a dialogue on practical ways to enhance trade and investment.
The forum will be structured around plenary sessions and interactive workshops over three days, and will also facilitate B2G and B2B discussions at the very highest levels, addressing key themes that affect the 54 diverse Commonwealth member nations.
Speaking while making her remarks, Clare Akamanzi, the RDB Chief Executive Officer said:
“I have every confidence that you agree with me that CBF 2020 presents a unique platform for us to market Rwanda as the best destination for investments. Indeed, we look forward to the private sector signing deals and partnerships on projects that will contribute to the sustainable economic growth of our country through profits, jobs, and increasing Rwanda’s exports. Just to give you some context, over 2.4 billion people live within the Commonwealth Marketplace, and this year will see US$ 1 trillion worth of trade realised within the Commonwealth for the very first time. This means that we have a limitless market for our Made in Rwanda products and services and there shouldn’t be reason not to export more quantities to these countries.”
Robert Bapfakulera, the PSF Chairman said:
“It is important for us to ensure that the CBF leaves a lasting and positive legacy, with Rwanda at the centre of Commonwealth trade for its two years as Chair-in Office. To achieve this, the private sector must be fully prepared to optimise the Commonwealth trade opportunity-for business, investment and trade. CBF is an extremely unique platform for us to meet strategic partners and do great business.”
CHOGM 2020 will take place in Kigali from 22nd to 28thJune and will have four main forums which are Commonwealth Business, People’s, Women and Youth forums.
