{"id":1750,"date":"2025-11-11T15:52:49","date_gmt":"2025-11-11T15:52:49","guid":{"rendered":"https:\/\/africadiplomacy.net\/?p=1750"},"modified":"2025-11-11T15:52:50","modified_gmt":"2025-11-11T15:52:50","slug":"rwandan-and-nigerian-private-sectors-forge-new-partnership-to-boost-trade-and-investment","status":"publish","type":"post","link":"https:\/\/africadiplomacy.net\/?p=1750","title":{"rendered":"Rwandan and Nigerian Private Sectors Forge New Partnership to Boost Trade and Investment"},"content":{"rendered":"\n

The Private Sector Federation of Rwanda (PSF) has signed a new partnership agreement with the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) of Nigeria, aimed at strengthening trade, investment, and economic collaboration between the two nations.<\/p>\n\n\n\n

The memorandum of understanding (MoU) was signed during the \u201cInvest in Rwanda\u201d Forum, held at the Lagos Continental Hotel, which brought together business leaders, investors, and policymakers from Rwanda, Nigeria, and across Africa.<\/p>\n\n\n\n

The event was jointly organized by the Rwanda Development Board (RDB), the Embassy of Rwanda in Nigeria, and the Lagos Chamber of Commerce and Industry (LCCI).<\/p>\n\n\n\n

A Strategic Alliance for Economic Growth<\/strong><\/p>\n\n\n\n

The agreement seeks to deepen cooperation between Rwandan and Nigerian entrepreneurs, promote knowledge exchange, and turn bilateral discussions into concrete investment opportunities. It also aims to strengthen private-sector linkages, enhance trade flows, and foster innovation across key industries.<\/p>\n\n\n\n

Rwanda\u2019s Ambassador to Nigeria, Christophe Bazivamo, hailed the agreement as a \u201cmajor step forward\u201d in advancing economic cooperation between the two countries.<\/p>\n\n\n\n

He highlighted that investing in Rwanda goes beyond financial opportunity  it represents a commitment to the collective development of Africa. \u201cWhat defines us as Rwandans is our mindset  our dedication to innovation, efficiency, and collaboration,\u201d Ambassador Bazivamo said. \u201cWe encourage our Nigerian partners to join us in this journey toward shared progress and prosperity.\u201d<\/p>\n\n\n\n

The Ambassador also acknowledged the significant contribution Nigerian investors have already made to Rwanda\u2019s economic growth, pointing to their active participation in sectors such as finance, technology, and manufacturing.<\/p>\n\n\n\n

Rwanda: A Growing Destination for Investment<\/strong><\/p>\n\n\n\n

Speaking at the event, Chantal Atukunda, Head of RDB\u2019s North America Tourism Promotion Office, revealed that Rwanda attracted US$3.2 billion in new investments in 2024, a sharp increase from US$2.4 billion in 2023.<\/p>\n\n\n\n

She emphasized Rwanda\u2019s strong reputation as a stable, business-friendly environment \u00a0one consistently recognized in global reports for transparency, efficiency, and safety. \u201cNigeria continues to play a major role in Rwanda\u2019s investment landscape,\u201d Atukunda said. \u201cIn 2024 alone, Nigerian investors contributed over US$413 million, ranking fourth among Rwanda\u2019s leading investment partners.\u201d<\/p>\n\n\n\n

According to RDB data, the majority of Rwanda\u2019s 2024 investments were concentrated in manufacturing, finance and insurance, and real estate, accounting for 77.9% of total investment inflows.<\/p>\n\n\n\n

Private Sector Leaders Commit to Strengthening Ties<\/strong><\/p>\n\n\n\n

Dr. Abdulaziz Muhammed, First Vice President of KACCIMA, expressed optimism about the new partnership, underscoring that stronger collaboration between Rwanda and Nigeria would accelerate Africa\u2019s private-sector-led development. \u201cRwanda has become a trusted partner in trade and investment,\u201d he said. \u201cWe are ready to elevate this partnership to new heights, working closely with PSF to unlock Africa\u2019s economic potential.\u201d<\/p>\n\n\n\n

Founded in 1922, KACCIMA is one of Nigeria\u2019s oldest and most influential private sector organizations, representing over 3,000 members and linking more than 10,000 enterprises across trade, industry, and agriculture.<\/p>\n\n\n\n

The organization has played a central role in facilitating cross-border business partnerships, promoting industrial growth, and supporting Nigeria\u2019s engagement in continental trade initiatives such as the African Continental Free Trade Area (AfCFTA).<\/p>\n\n\n\n

Strengthening Intra-African Economic Cooperation<\/strong><\/p>\n\n\n\n

This partnership between PSF and KACCIMA aligns with Rwanda\u2019s broader goal of promoting intra-African trade<\/strong> and fostering collaboration between regional business communities.<\/p>\n\n\n\n

As Africa works to integrate its markets and reduce trade barriers, such bilateral agreements are expected to expand opportunities for investment, employment, and industrial growth across the continent.<\/p>\n\n\n\n

Both countries share a vision of a connected, prosperous Africa  one where innovation, entrepreneurship, and cooperation drive economic transformation. \u201cBy working together, Rwanda and Nigeria are demonstrating what Africa can achieve when nations unite around shared goals,\u201d Ambassador Bazivamo concluded. \u201cThis is not just about trade  it\u2019s about shaping Africa\u2019s economic future.\u201d<\/p>\n\n\n\n

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Author: Justinmind HARERIMANA<\/p>\n","protected":false},"excerpt":{"rendered":"

The Private Sector Federation of Rwanda (PSF) has signed a new partnership agreement with the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) of Nigeria, aimed at strengthening trade, investment, and economic collaboration between the two nations. The memorandum of understanding (MoU) was signed during the \u201cInvest in Rwanda\u201d Forum, held at the Lagos […]<\/p>\n","protected":false},"author":1,"featured_media":1751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/posts\/1750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1750"}],"version-history":[{"count":1,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/posts\/1750\/revisions"}],"predecessor-version":[{"id":1754,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/posts\/1750\/revisions\/1754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=\/wp\/v2\/media\/1751"}],"wp:attachment":[{"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/africadiplomacy.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}