At the recent Africa CEO Forum, President Paul Kagame delivered a candid assessment of the challenges and misconceptions facing African nations, particularly in the realm of international investment and partnerships.
His remarks highlighted the persistent issue of how Africa is perceived and treated on the global stage, as well as the proactive measures Rwanda has taken to secure equitable and mutually beneficial agreements.
Security Concerns and Investment Risk
President Kagame began by addressing the widespread perception of Africa as a high-risk investment destination. He pointed out that the risk profile of the continent is often exaggerated, a narrative that serves the interests of external entities looking to justify unfavorable terms and control over African resources and opportunities. “The risk profile for Africa is deliberately exaggerated to benefit those who dictate the way things go when favorable deals for themselves.”
Kagame emphasized that while security concerns are genuine, they are often overblown and used as excuses to impose stringent conditions on African investments. This dynamic places African nations in a position where they must work harder to prove the viability and safety of their projects, often at the expense of more favorable terms.
Equitable Partnerships and Self-Reliance
A key theme in Kagame’s speech was the importance of self-reliance and establishing partnerships based on mutual respect and benefit. He recounted Rwanda’s approach to partnerships, which has been grounded in clear communication of the country’s needs and goals.
From the outset, Rwanda has insisted that while it welcomes support and investment, it does not accept any attempts to undermine its sovereignty or dictate its developmental path. “We must address our problems ourselves. We appreciate partners, we appreciate support, but we don’t appreciate anybody trying to replace us in our own affairs.”
Kagame underscored the importance of being clear with international partners about Rwanda’s stance on sovereignty and self-determination. He highlighted successful partnerships in various sectors, including notable collaborations with major football clubs like Paris Saint-Germain, Bayern Munich, and Arsenal.
These partnerships, he argued, were carefully structured to ensure that both parties benefit, countering the narrative that Rwanda is merely spending money without receiving value in return. “We made sure that they benefit and we benefit.”
The Importance of Image and Misconceptions
The president also addressed the misconceptions that arise from Rwanda’s international engagements. He recalled an incident where he was criticized for attending a football match in London, with detractors claiming he was misusing funds meant for national support.
Kagame clarified that his personal expenditures were separate from state finances and emphasized the broader point that there is a tendency for outsiders to question and critique African leaders’ actions, often without understanding the context or facts. “There is always somebody somewhere wanting to dictate to you how you live your life or how you conduct every business you do for yourself or for your country.”
Navigating International Relations
Kagame’s remarks reflect a broader critique of the patronizing attitude that some international actors adopt towards African nations. He called for a more balanced and respectful approach to international relations, where African countries are seen as equal partners rather than beneficiaries of aid or subjects of external control. “Africa must be at the table, not on the menu.” This approach, he believes, is crucial for Africa to truly be “at the table” rather than “on the menu.”
President Kagame’s views underscored the necessity for African nations to assert their sovereignty and negotiate partnerships that are equitable and beneficial.
By challenging the exaggerated risk perceptions and advocating for self-reliance and respect, Kagame sets a precedent for how African leaders can navigate the complex landscape of international investment and diplomacy.
His message is clear: Africa must be seen and treated as a continent of capable and equal partners, ready to take charge of its own destiny. “We are the masters of our own destiny.”
