Business News of Friday, 14 November 2025

Source: www.punchng.com

Rwanda reaffirms economic cooperation with Nigeria

Rwandan High Commissioner to Nigeria, Ambassador Christophe Bazivamo Rwandan High Commissioner to Nigeria, Ambassador Christophe Bazivamo

The Government of Rwanda on Monday reaffirmed its commitment to strengthening the Rwanda–Nigeria economic cooperation and promoting investment opportunities across major sectors.

This was made known at the Invest in Rwanda Session hosted by the Rwanda Development Board and the High Commission of the Republic of Rwanda in Nigeria, in partnership with the Lagos Chamber of Commerce and Industry.

The event was held on the sidelines of the 2025 Lagos International Trade Fair at the Lagos Continental Hotel, Victoria Island, Lagos.

In his remarks, the High Commissioner of Rwanda to Nigeria, Ambassador Christophe Bazivamo, highlighted his country’s commitment to innovation, inclusive growth, and strategic sectoral development.

He noted that the country’s investor-friendly policies, regulatory framework, and dynamic financial and infrastructure ecosystems provide strong foundations for Nigerian and African investors to engage confidently.

“Investing in Rwanda is not just a financial opportunity, it is a chance to be part of a transformative story that spans an entire continent,” he stated.

“What truly defines Rwanda is our mindset: a commitment to innovation, excellence, and partnership. Every road, industrial park, and technology hub reflects a country moving boldly toward the future, and inviting you to join us on that journey.”

Highlighting bilateral cooperation, he lauded Nigerian investors for their increasing footprint in Rwanda.

“Nigerian businesses have already played a significant role in Rwanda’s growth story, contributing to a vibrant investment ecosystem and fostering trust, collaboration, and shared prosperity between our countries.”

He concluded with a call for active engagement and partnership, saying, “We are looking for partners who share our vision and ambition, investors ready to co-create, innovate, and expand across Africa. Rwanda is more than a market; it is a platform for regional growth, innovation, and influence.”

The Lagos Chamber of Commerce and Industry, as co-host, reaffirmed its commitment to advancing bilateral trade partnerships and supporting business-to-business engagements between Rwandan and Nigerian enterprises.

In her keynote remarks delivered on behalf of the LCCI President, Gabriel Idahosa, FCA, the Director-General, Dr. Chinyere Almona, underscored the Chamber’s commitment to fostering stronger Nigeria–Rwanda business relations, highlighting the 2024 MoU between LCCI and the Private Sector Federation of Rwanda as a framework for sustained cooperation.

“As the LCCI, we are committed to encouraging our members to explore investment missions, joint ventures, technology transfer, cross-border supply chains, and export-led collaborations with Rwanda.”

Almona said the forum “is a bona fide platform for action: a space for Nigerian and Rwandan businesses to meet, structure deals, create value and jobs, and deepen intra-African economic integration.”

During the session, a Memorandum of Understanding was signed between the Kano Chamber of Commerce, Industry, Mines and Agriculture and the Private Sector Federation of Rwanda.

The MoU established a formal framework for sustained collaboration, business-to-business partnerships, trade promotion, and knowledge exchange between Nigerian and Rwandan enterprises.

Representing the Rwanda Development Board, Chantal Atukunda showcased the country’s investor-friendly climate, highlighting a range of facilitation mechanisms, incentives, and sectoral opportunities designed to ensure efficiency, predictability, and long-term investor protection.

Key areas of focus included technology and innovation, agriculture and agro-processing, tourism, and real estate.

In 2024, The PUNCH reported that the Rwanda High Commission in Nigeria also signed an MoU between the LCCI and Rwanda’s Private Sector Federation.

The agreement, signed at the 2024 Lagos International Trade Fair, aimed to deepen economic ties and create new opportunities for businesses in both countries.

The signing was attended by key representatives from each organisation: the President of the LCCI, Gabriel Idahosa, and the Deputy CEO of PSF Rwanda, Kanamugire Callixte.

Bazivamo, who spoke at the event, noted the shared vision of fostering a vibrant, interconnected African business landscape and affirmed Rwanda’s commitment to providing a conducive environment for business growth.