The president received the award from the Federation of West African Entrepreneurs (FOPAO) yesterday in Abidjan, Côte d’Ivoire where he took part in the 8th edition of Confédération Générale des Entreprises de Côte d’Ivoire (CGECI) Academy 2019 in Abidjan, Ivory Coast as the guest of honor.
CGECI Academy is one of the largest forums of the Ivorian Private Sector.
During the opening ceremony of the summit, the President of Private Sector Federation in Ivory Coast M. Jean-Marie Ackah said: “As African entrepreneurs, we grant you this special prize on behalf of the Federation of West African entrepreneurs for your outstanding leadership.”
According to Abidjan News Agency, the award was presented to Kagame by Jean Kacou Diagou, the former president of Ivory Coast Private Sector
In 1994, Rwanda’s GDP posted a rapid decline at more than 40%.
Between 2001-2015, Rwanda’s economy consistently grew by 8%.
In 1994, Rwanda earned US$ 753.6 million in GDP, which grew to US$ 1735 million in 2000, Rwf 8.278 billion in 2015 and grew by 8.6 % in 2018 posting Rwf 8,189 billion compared to Rwf 7,597 billion of the previous year.
The national budget increased 14 times while domestic budget is 20 times compared to the past 20 years.
Rwanda’s economy grew by 8.5% last year. In the first quarter of 2019, there was growth of 8.4% and the second quarter was 12.2%.
As he gave remarks at the summit, President Kagame called on Governments to do their part, listen to, and work with the private sector, to overcome existing barriers to doing business and ensure that young people are equipped with the education and training required, to take advantage of new opportunities.
“We have to reach a point where our countries have the capacity to finance our own transformation. Development aid has been useful and it continues to be useful, especially when we work to get the most impact out of every cent that we receive. But the point has never been to remain dependent forever when we have always had the potential to be wealthy ourselves,” he said.
“There are much more productive ways for our continent to partner with various countries and regions, for mutual benefit. This remains an urgent task and the African private sector has an indispensable role to play,” observed Kagame.
According to Stéphane Aka-Anghui, the executive director of the General Confederation of Enterprises of Côte d’Ivoire (CGECI, Patronat) the Rwandan president was chosen as the guest of honor because his country has made considerable efforts to make the business environment attractive and could share its experience with Ivorian companies.
The World Bank Doing Business report 2018 rated Rwanda 29th globally in easing business and second in Africa following Mauritius.
The 8th edition of "CGECI Academy" was initially scheduled for October 17 to 18 and was rescheduled from October 14 to 15 in Abidjan for Rwandan President Paul Kagamé to participate.
Kagame was last in Ivory Coast on 20th December 2018 when he was conferred honorary citizenship of Abidjan.