The Private Sector Federation (PSF) of Rwanda has signed a Memorandum of Understanding (MoU) with the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) to boost trade and investment ties between Rwanda and Nigeria

 The agreement was signed during the Invest in Rwanda Session held on the sidelines of the 2025 Lagos International Trade Fair.

 The event was organised by the Rwanda Development Board (RDB) and the High Commission of the Republic of Rwanda in Nigeria, in partnership with the Lagos Chamber of Commerce and Industry (LCCI).

 The MoU aims to promote business-to-business partnerships, trade promotion, and knowledge exchange between enterprises in both countries, translating dialogue into practical investment projects.

 Speaking at the event, High Commissioner of the Republic of Rwanda to Nigeria, Christophe Bazivamo, described the partnership as another milestone in the growing economic relationship between both nations.

Mr Bazivamo stated, “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. What truly defines Rwanda is our mindset: a commitment to innovation, excellence, and partnership. Every industrial park, road, and technology hub reflects a country moving boldly toward the future and inviting Nigeria to be part of that journey.”

He noted that Nigerian investors had played an important role in Rwanda’s economic transformation, contributing to its dynamic and trusted investment ecosystem.

He added, “Nigerian businesses have already contributed significantly to Rwanda’s growth story, fostering trust, collaboration, and shared prosperity.’’

 Also speaking, Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, who represented the Chamber’s President, Gabriel Idahosa, reaffirmed LCCI’s commitment to strengthening trade and investment links between the two countries.

She stated, “As the LCCI, we are committed to encouraging our members to explore joint ventures, investment missions, and technology transfer opportunities with Rwanda. The Invest in Rwanda Forum is not just a promotional platform, it is an avenue for businesses to structure deals, create jobs, and advance intra-African trade under the AfCFTA framework.”

 Ms Chantal Atukunda, representing the Rwanda Development Board (RDB), highlighted Rwanda’s investor-friendly policies and the country’s steady economic growth.

Atukunda said that the country recorded an average GDP growth rate of over seven per cent and more than $3.2 billion in investment commitments recorded in 2024.

 She said that Rwanda ranked among the world’s top performers in business readiness, citing the 2024 B-READY Report, which placed the country third globally in operational efficiency, eight in public services, and 17th in regulatory framework.

 Atukanda noted that Nigeria ranked fourth among foreign investors, contributing $413 million to Rwanda’s investment inflows last year.

 Also commenting, First Deputy President, KACCIMA, Dr Abdulaziz Muhammed. said, “We are committed to working together to advance the course of African continent. Rwanda has been a friendly nation to us in terms of business, and we are ready to take it to take the relationship to the next level.”

 The session showcased Rwanda’s investment support ecosystem.

(NAN)