Kigali, 15 July 2014
President Kagame today received a delegation of Chinese investors in light manufacturing, led by Professor Justin Yifu Lin, former World Bank Chief Economist and Senior Vice President, Development Economics.
After the meeting with the President, Professor Justin Yifu Lin said Asian investors are increasingly picking interest in Rwanda as a light manufacturing destination due to the country’s ease of doing business.
“More and more Asian investors, particularly those from China, are picking interest in investing in Rwanda due to the good policies in place concerning starting business here. The delegation that I led to this meeting with the President is a good example. These are established investors in light manufacturing of garments and footwear and have expressed interest in establishing business in Rwanda very soon. Their meeting with President Kagame has increased their interest.”
The Chief Executive Officer of the Rwanda Development Board, RDB, Amb. Valentine Rugwabiza said the interest by the Chinese investors is a welcome development, because the light manufacturing industry is good for Rwanda’s economy and employment of Rwandans. She said Rwanda is ready to receive them and their investments.