Home > REGIONAL > Chinese President Xi in Rwanda for State Visit

Chinese President Xi in Rwanda for State Visit

President Xi Jinping and First Lady Peng Liyuan of China arrived in Rwanda on Sunday evening at 8:30 p.m to begin a two-day state visit.

The visiting president was received by his Rwandan counterpart, President Paul Kagame, and First Lady Jeannette Kagame accompanied by top government officials.

The visit aims to further strengthen diplomatic ties and cooperation between Rwanda and China. It follows President Kagame and First Lady Jeannette Kagame’s visit to China in March 2017.

“I wish to take this opportunity to convey the sincere greetings and best wishes of the Chinese people to the people of Rwanda,” the Chinese President said in a statement.

Under the leadership of President Kagame, he said, Rwanda has embarked on a path of development suited to its realities, achieved long-term social stability and fast economic growth, and is enjoying increasing influence in the region and beyond.

Agreements signing

While in the country, President Xi is expected to witness the signing of 15 bilateral pacts between the two nations, among them, visa exemption for diplomatic and service passport holders, culture and scientific operations as well as Silk Road Economic Belt cooperation.

Other agreements to be signed today include strengthening cooperation in investment in e-commerce, cooperation in civil air transport, law enforcement cooperation and human resource development cooperation.

Going forward, the two countries will also cooperate in exchange of geology surveys, expansion of Masaka hospital, sign a concessional loan to construct Huye-Kibeho road as well as a loan agreement to construct Bugesera International Airport access road project.

China is one of Rwanda’s biggest sources of foreign direct investments with most of them in the manufacturing and real estate sectors.

Latest statistics from the Ministry of Trade and Industry show that Rwanda shipped in Rwf205 billion of imports from China compared to Rwf4.3 billion it exported in 2017.

On the basis of investment, over the last 12 years, Rwanda attracted 61 investment projects and joint ventures worth US$419.6 million from China. Actual investments are estimated at US$352. 6 million spanning tourism, mining and construction sectors

One of the major investments include C&H Garment Ltd, which began operations in 2014 producing garments mostly for exports. In 2016, the company exported goods Rwf1.057 billion to a combined market of China and United.

Another major investment by a Chinese firm is New Century Investment Ltd, which is a joint venture with a Rwandan investor. The project, valued at over $90 million, includes the building hosting Marriot Hotel.

Other Chinese investments in Rwanda include enterprises in retail, manufacturing and the hospitality sector.

China is also home to some 1,300 Rwandans, including students in the country’s higher learning institutions.

The country’s greatest support to Rwanda’s development process are in the form of concessional loans, grant aid, technical support in major projects as well as students’ scholarships in critical sectors such as health, education and technology.

The two countries have enjoyed diplomatic relations for 47 years. Both countries maintain close collaboration in infrastructure, culture, capacity building, health and agriculture sectors as well as people to people exchanges.

The two Heads of State will hold bilateral talks and address a joint press conference. President Xi will also pay his respect to the victims of the 1994 Genocide against the Tutsi at the Kigali Genocide Memorial, and meet the Chinese community in Rwanda.

(Source: The New Times – Rwanda)

Comments

comments