30 French companies explore investment opportunities in Rwanda

On 28 October 2021 at 12:22

Representatives from 30 French companies, on Wednesday 27th October 2021, visited Rwanda to explore investment opportunities and seek how to forge cooperation with local firms for mutual benefits.

The move comes five months following the visit of French President Emmanuel Macron to Rwanda which was considered a great milestone towards revitalized bilateral relations.

French Minister of Trade, M.Franck Riester and his delegation has held talks with his counterpart of Rwanda, Beata Habyarimana along with the Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana and members of Rwanda’s Private Sector Federation (PSF) among others.

Minister Habyarimana thanked the delegation for making a good choice to visit Rwanda observing that discussions they held are essential to foster trade cooperation between both countries.

She invited French investors to tap into ample investment opportunities available in Rwanda in consideration of business reforms the country has undergone to become an even more attractive place to do business.

The reforms positioned Rwanda as the second easiest place to do business in Africa and first in East Africa as Habyarimana explained.

Meanwhile, M. Franck Riester revealed that his country wants to invest in Rwanda in different areas.

The French firms seek to bring investment in the areas of health, transport, real estate, environment, technology and agro-processing in a way that generates long-term profits for both countries.

During the process to build sustainable partnerships, French firms may invest in Rwanda or vice versa.

“We want to invest in Rwanda for long-term. We are convinced that the best way to do it begins with building strong collaboration between both countries’ private sectors, firms and citizens. That is why I have come with 30 companies through the support of Medecin International and Business France. These companies plan to invest in Rwanda in the near future,” said Riester.

France may also partner with Rwanda to establish agro-processing plants where the produce might be consumed locally or exported, build and renovate bridges, build research centers, fund technology projects aimed at creating innovations among others, explained Riester.

He revealed that French projects in Rwanda estimated at Euro 40 million will be executed through French Development Agency and other relevant agencies.

The delegation led by French Minister of Trade during discussions with members of Rwanda's Private Sector Federation.
French ambassador to Rwanda, Antoine Anfré (left), French Trade Minister, M. Franck Riester (in the middle) and Rwanda's Minister of Trade and Industry, Beata Habyarimana during discussions to explore business opportunities.