The light Magazine

President Kagame expressed optimism about Djibouti’s Free Trade Zone

Written by: Administrator
Friday, July 6th, 2018, 9:32

President Paul Kagame has expressed optimism that the new Djibouti International Free Trade Zone launched July5 will serve the economic interests of the Continent which is currently obsessed with a wide range of reforms that will pave way to an economically independent and dignified region, state media reported.


The zone will boost a cross section of sectors including manufacturing, trade and services.


Djibouti is one of the 49 countries that have already signed the African Continental Free trade Area (AfCFTA) that was launched on March21 during the 10th Extraordinary Summit in the capital Kigali.


President Kagame who visited Djibouti on the invitation of his counterpart President Ismail Omar Guelleh said Rwanda fully supports Djibouti’s economic efforts to transform their economy as well as Africa.


The launch was graced by Sudanese President Omar al-Bashir, Somali President Mohamed Abdullahi and the Prime Minister of Ethiopian Dr. Abiy Ahmed among others.


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