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China President visit to Rwanda

Chinese President Xi Jinping is scheduled to visit the country next week for 2 day state, Is aimed to further strengthen ties between the two countries.

According to the Minister of State for Foreign Affairs Olivier Nduhungirehe, the highly anticipated visit will see the two countries further strengthen their relations.

Xi Jinping will be the first Chinese President to visit the country in recent history.

“The purpose is to strengthen the bilateral ties between the two countries. During the visit, it will be an occasion to sign new agreements and launch new projects that will be of mutual benefit to the two states,” Nduhungirehe said.

He is expected to jet in on July 22 and depart July 23.

Nduhungirehe revealed other heads of state who are scheduled to visit Rwanda before the end of this year.

India’s Prime Minister Narendra Modi and President Filipe Nyusi of Mozambique are also expected in July.

China’s extended economic policy to Rwanda

Chinese companies already settled in the vibrant industrial park, and the most known is C&H Garment which produces for both local and international market. However C&H Garment is only one among many Chinese ventures in Rwanda.

Figures from Rwanda Development Board indicate that currently, Rwanda registered 45 Chinese investments between 2010 – 2016. They include joint ventures with Rwandans.

The list is largely dominated by manufacturing, followed by accommodation and real estate, mining among others.

With Rwf 54.9 billion ($91.6Million) investments, Century Park and Residence Ltd which offers accommodation and food service activities is the biggest venture by Chinese investors on this list.

Another is Fuxin Jiuxing Science & Technology Development co. Ltd which invested $ 30 Million in Mining and quarrying.

New Century Investment Ltd/Marriot Training Center and New Century Luxury Apart also in accommodation and food service activities come third. It is a joint venture between Chinese and Rwandan investors.

Rwanda offers such a favorable business environment that even small and medium enterprises from China find their way on Rwandan market.

Those include companies like RWIN INVESTMENT LTD which invested its $182,000 in manufacturing, and Sunbelt Textiles Rwanda Ltd with $263,000 investment also in manufacturing.

Apparently, after this visit Rwandans will see construction of numerous roads, commercial complexes and other vital infrastructure by Chinese companies.

The Chinese economic policies in Rwanda include bilateral cooperation in areas of industrialization, agricultural modernization, infrastructure building, tourism and security.

During the last years Visit President Paul Kagame China ‘s Xi Jinping expressed his hopes that, through this cooperation, more Chinese companies will be involved in infrastructure construction projects in Rwanda.

He said, “Rwanda appreciates the good bilateral relations and cooperation we share, and China’s contribution in various sectors in Rwanda, especially in infrastructure and development projects has been useful.”

He added, “China’s commitment to Africa is welcome, and together with partner states on our continent, Rwanda looks forward to engaging fully in the Forum on China – Africa Cooperation process.”

The forum on China – Africa Cooperation is an official conference between the People’s Republic of China and African States.

The Express News

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