Akamanzi visited Malawi this week where he attended and addressed participants of Malawi Investment Summit held on 7th September 2022.
It brought together business leaders, government officials, investors and policy makers to discuss Malawi’s economic growth, identify opportunities and address challenges.
As he addressed participants of the summit held at Bintu International Convention Centre in Lilongwe, the capital of Malawi, Akamanzi shared how improving the business and investment environment has supported Rwanda’s economic growth.
The 2020 World Bank Doing Business indicated that Rwanda remained the second easiest place to do business in Africa and 38th globally.
The ranking is mainly attributed to instituted reforms where the country adopted technology in business registration among other incentives attracting investors.
The summit was also attended by Malawian president, Dr. Lazarus Chakwera who officially officiated the opening of the summit, the Minister of Energy, Ibrahim Matola; Minister of Finance and Economy, Sosten Alfred Gwengwe and the Minister of Trade and Industry, Mark Katsonga Phiri among other government officials.
Rwanda and Malawi enjoy cooperation in different areas including trade and security.
In 2021, Rwanda National Police (RNP) and Malawi Police Service (MPS) signed an extradition treaty that will see both countries exchanging suspected criminals to face justice.
As he presented credentials to President Paul Kagame in June this year, Malawian ambassador to Rwanda, Andrew Zumbe Kumwend said that more efforts will be expended to promote trade for the benefits of both countries’ people.
“I am here to learn what Rwanda is doing right. Rwanda is at the stage where we want to be. So, I will do my best to learn and advise my government what we must do. Besides, there is a lot we can do together like trade and tourism," he said.
“We need to end this idea that we need to get visas to go to Malawi or come to Rwanda. I think Rwanda has done that and Malawi needs to do the same. Apart from that, there are things to do with the youth and women to empower people,” added Zumbe.