China vows to promote Rwanda to more investors

By Jane Babirye
On 20 September 2023 at 12:32

Chinese Ambassador to Rwanda, Wang Xuekun has commended Rwanda for its ‘friendliness’ and vowed to lure more investments to the country.

The envoy made the revelation at the celebration of the 74th anniversary of the founding of the ‘People’s Republic of China’ (PRC).

“Our economic cooperation bring tangible benefits. Our bilateral trade is booming. More and more Chinese business are coming to Rwanda.

When addressing the inauguration ceremony of a Chinese cement plant, His Excellency President Paul Kagame pointed out the importance of this cooperation. The embassy will continue to promote this business friendly country to more investors,” he said.

Amb. Wang added that China admires Rwanda over thinking big and its envious aptitude on the future development of mankind.

China and Rwanda established diplomatic relationships on 12th, November, 1971 and since then, the breadth and depth of the two countries bilateral relations continue to expand.

According to Prof. Nshuti Mannaseh, Rwanda’s State Minister for EAC Affairs who graced the event, this journey has led to cooperation that spans across various domains; from Trade and Investments, Health, Education, Technology, Infrastructure development, and more.

According to the minister, China’s investments in Rwanda are valued at over US$1 billion creating an enormous impact on the economy in addition to job creation.

“China is one of Rwanda’s leading trading partners, with a bilateral trade volume of exports to china estimated at 537 US dollars, while imports stand at over 1 billion US dollars,” he said.

Additionally, in 2022, China granted ‘duty free’ privileges for imported goods originating from Rwanda to farther increase trade between the two nations.

Attributing the two countries ‘brotherly friendship’ to respect, Amb. Wang said the embassy will continue to promote existing ‘brotherly friendship’ based on mutual respect.

“We respect each other, treat each other as equals and good partners. With the guidance of our leaders, the bilateral relations have become increasingly close,” he stated.

The PRC’s work in Rwanda is a testament to projects like; the Nyabarongo Hydropower plant II, Musanze Polytechnic College, the expansion of Masaka Hospital, among others.

“Our cooperation has also extended to the field of education, MOUs between Jinhua Polytechnic and MINEDUC have led to the launch of programs in Electrical Automation and E-commerce at IPRC Musanze”, remarked Prof. Nshuti.

“This commitment to education underscores our shared belief in the power of knowledge and the importance of investing in the future of our nations”, he added.

Notably, a substantial number of Rwandan students are awarded masters scholarships in various fields every year to study in China in addition to training Rwandan teachers and supporting curriculum development within the country.

According to Amb. Wang, China will host FOCAC (Forum on China-Africa Cooperation) in supporting Africa’s development meeting which may draw up new plans for further development between the two countries.

“In August 2022, Chinese President Xi Jinping put forward three plans aimed at supporting Africa’s talent development, Agricultural modernization and Industrialization, China and Rwanda could seize those opportunities to enhance our cooperation,” he remarked.

The PRC 74th anniversary was marked on 19th, September, 2023 at Marriot Hotel in Kigali, the capital of Rwanda.

The event was graced by other dignitaries including Wellars Gasamagara, the Secretary-General of RPF; Sandrine Umutoni, Minister of State in the Ministry of Youth and envoys accredited to Rwanda among others.

Amb. Wang said that China admires Rwanda over its envious aptitude on the future development of mankind.
Prof. Nshuti Mannaseh disclosed that China’s investments in Rwanda are valued at over US$1 billion creating an enormous impact on the economy, in addition to job creation.
Envoys accredited to Rwanda also attended the event.
Prof. Nshuti joining Chinese Ambassador, Wang for a toast at the celebration.