On March 26, General Charles Kayonga, Ambassador of Rwanda to China, met Dr. John Wu, Director General of the Financial Center for South-South Cooperation (FCSSC). Both parties discussed their cooperation in construction and investment promotion for Rwandan industrial parks. Officials from Made in Africa Initiative, China Council for the Promotion of International Trade Henan Sub-Council, China Construction Seventh Engineering Division Corp. Ltd., etc., attended the meeting.
Dr. Wu briefed General Charles Kayonga about the information on the industrial parks. According to him, FCSSC serves as a platform for implementation of international cooperation that helps developing countries plan and design industrial parks and introduces industries and projects from Chinese enterprises (especially labor-intensive industries) to provide specific projects and carriers for their industrialization; moreover, FCSSC also mobilizes personnel and capital for South-South cooperation projects, considering that Hong Kong is an international financial center, by fund issuing, equity investment and other market-oriented means, and finance projects through its partner network.
General Charles Kayonga introduced necessary information on Rwanda and industrial parks. He stressed that Rwanda would be one of the best choices for Chinese investors because it is strategically significant since it connects the Middle and Eastern Africa, and socially and politically stable, and has abundant natural resources and satisfactory economic integration.
According to General Charles Kayonga, Rwanda ranks 56th in the Global Business Environment Report 2017 issued by the World Bank, ranking 2nd among African countries, and has the best business environment in East Africa. Rwanda may provide a wide range of opportunities for Chinese investors in agricultural processing, tourism, infrastructure, etc. Additionally, he underlined that a good business environment might be secured since the government took a zero-tolerance policy on corruption.
