President Paul Kagame has stressed the need for moving fast the implementation of various projects since Africa has enough potential as not doing so jeopardizes the journey towards envisaged Africa’s development.
Kagame has noted this today as he officially opened The Global African Investment Summit (TGAIS 2016) attended by more than 1000 participants from private investors and government institutions across the world.
The Global African Investment Summit 2016 held for the 3rd time is hosted in Kigali and will last two days. It is held in Africa for the first time. Previous sessions took place in London.
“Development across different organs requires valuing time and using it properly. We don’t need to be always reminded that investment, good governance and cooperation are essential for development. We know it, we believe it and the remaining action is doing the right thing to attain our desires, “he said.
“Relenting in the execution of various projects is not a result of lack of willingness or knowledge but it comes from disregarding that moving fast in our activities is the foundation of economy,” he added.
President Kagame has said that tolerating the delay of projects’ implementation is one of causes of poverty adding that the difference between Africa and other continents will reduce when Africa starts valuing time effectively.
Participants of The Global African Investment Summit are expected to seek ways of facilitating trade among commercial organizations including East African Community, COMESA and SADC.
The general secretary of COMESA, Dr Sindiso Ngwenya has said that The Global African Investment Summit is a great moment for private investors in Africa to maximize benefits of investment opportunities noting that the ground is left to participants for discussions.
The CEO of Rwanda Development Board, Francis Gatare has said that the summit is a great opportunity of implementing agreements between EAC, COMESA and SADC.