Rwanda and Zimbabwe have entered into five cooperation agreements in ICT and e-governance, environment and climate change, agriculture and livestock, tourism and business events
The 5 agreements were signed during the trade and investment conference where Rwanda’s Private Sector Federation and the Confederation of Zimbabwe Industries signed a memorandum of understanding.
While describing the agreements, Zeph Niyonkuru, the Deputy Chief Executive of Rwanda Development Board (RDB), said the agreements came as an opportunity to maximize the ‘deep’ and warm relationship enjoyed by both countries.
“Rwanda’s development strategy is centred on private sector development,” Niyonkuru said during the bilateral trade and investment conference.
Rwanda has implemented many business reforms, as such, the country is one of the highly favoured investment destinations in Africa.
Niyonkuru said: “We strongly believe that our ambitious development targets can only be achieved through a thriving private sector that delivers sustained and inclusive growth.”
He said both nations were already working on infrastructure, energy and civil aviation and others.
Rwanda and Zimbabwe belong to some common regional trade blocs. This grants both countries the opportunity to boost their bilateral trade and investment relationships free from tariff barriers.