Japan envisages increased economic cooperation with Rwanda
Written by: Ernest Nyetera
Tuesday, July 24th, 2018, 7:20
Japanese Vice Minister for Foreign Affairs, Manabu Horii has today said that his country is looking forward to seeing increased cooperation with Rwanda.
“We would like to increase our economic ties and bring them to the next level. Japanese companies are interested in Rwanda because of its economic growth. The Government of Japan aims to work with the Government of Rwanda to increase trade and investment between the two countries,” observed Hon. Horii.
Horii remarked during a meeting between senior Rwandan government officials and a 41-member visiting high-level Japanese business delegation in the capital Kigali.
Addressing this delegation the Rwanda Development Board (RDB) CEO, Clare Akamanzi, said that the Rwandan government was impressed by the growing number of Japanese investment in the country.
“This session, with the key ministers of your choice, is intended to encourage an open conversation. We have seen an increased number of Japanese investments in the country and it is my hope that this delegation builds on this,” said Akamanzi.
Japan is one of Rwanda’s investors with USD $21,458m in investments leading to 178 new jobs in fast growing east African economy. These investments are in agro-processing, horticulture, mining, ICT and service sectors.
Therefore, as part of Rwanda’s strategy to forge further partnerships as well as increased Japanese investment in Rwanda, the Rwanda Development Board (RDB) in conjunction with the Rwanda Mines, Petroleum and Mines Board, Ministry of Agriculture and Animal Resources, Ministry of Infrastructure, Ministry of ICT, Ministry of Trade and Industry and the Ministry of Finance and Economic Planning met this delegation.
The delegation, which include representatives from, among others, MUFG Bank, Toyota Tsusho Corporation, Hitachi High-Technologies Co, Mitsubishi Heavy Industries Ltd, NEC Corporation, Toshiba Africa (Pty) Ltd and Fujita Corporation, arrived in Rwanda on 23, July for a three-day visit. In addition, Japanese government business agencies, such as the Japan External Trade Office (JETRO), Japan Bank for Investment Cooperation (JBIC) and Nippon Export Investment Insurance (NEXI) joined the business delegation.
They will hold a business seminar and business matching in collaboration with RDB on July25.