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Rwanda-Hungary Business Forum to increase investment opportunities in both countries

Devdiscourse News Desk | Kigali | Updated: 15-05-2019 17:49 IST | Created: 15-05-2019 17:49 IST
Rwanda-Hungary Business Forum to increase investment opportunities in both countries
Rwanda-Hungary Business Forum was meant to showcase investment and business opportunities in Rwanda they can partner in. Image Credit: Twitter(@globalcompact)

Rwanda Development Board has organized the first-ever Rwanda-Hungary Business Forum on the sidelines of the second Economic Forum of the annual Transform Africa Summit in Kigali on May 14. This business forum is being showcased by both governments to expand investment opportunities in both countries.

Rwanda-Hungary Business Forum, which attracted close to 100 attendees from the private and public sector of both countries, was meant to showcase investment and business opportunities in Rwanda they can partner in.

"There are various profitable investment opportunities in Rwanda in the priority sectors of the country's economic development. Rwanda has also established itself as a leading proof-of-concept investment destination for many companies on top of being among the easiest and safest places to do business in the world. In addition to the bilateral trade agreements with other countries, we look to establishing the same with Hungary and exploring different ways we can work together," Rwanda Development Board's Chief Investment Officer, Guy Baron said at the event.

"Hungary is a developed economy that's advanced in its industrial, agriculture and services sectors. We want to work with the Rwandan public and private sectors to see how we can promote more trade between our countries by having the Hungarian Export – Import Bank finance more traders and SMEs in addition to exploring investment opportunities in ICT and water, among others, in order to improve the lives of Rwandans," the Hungarian Deputy State Secretary for Export Development at the Ministry of Foreign Affairs and Trade, H.E Istvàn Joó said, as reported by The New Times.

Also Read: Transform Africa Summit: Blockchain can stimulate Africa's drive to digitized economy



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