President Kagame made the statement, on Tuesday 23 June, while opening the four-day Corporate Council on Africa (CCA) Leaders Forum.
The summit was held under the theme: “Resilient U.S.-Africa business engagement to drive post-Covid-19 recovery”.
The president encouraged American investors to participate in economic opportunities as Africa emerges out of the Covid-19 recovery process for mutual benefit; showing that there are mutually beneficial opportunities emerging as the continent seeks to recover and get past the pandemic.
The African Union launched a medical supply platform pooling the procurement of essential health items implemented, last week, in partnership with the African private sector. The initiative is spearheaded by business magnate Strive Masiyiwa at the AU’s invitation.
Kagame said that there is still space for American private sector participation in the initiative,saying it is ensuring adequate fiscal space for Africa which is essential for a sustainable public health response as well as to preserve jobs and livelihoods.
“The US has been a strong supporter of development through trade such as with AGOA. As these internal trade obstacles continue to fall, we look forward to strong engagement from American companies and investors working together with African firms,” Kagame said.
Highlighting Rwanda’s recovery outlook, the Head of State said that the local economy prior to the pandemic was strong, stable and with growth in the medium and long term assured.
He said that this gives the government confidence in investing in the recovery of the economy.
CCA, which was established in 1993, promotes business and investment between the United States and African countries.