This Friday afternoon at Urugwiro Village, President Kagame welcomed a delegation led by President and Chairman of Afreximbank, Prof Benedict Okechukwu Oramah.
Also present were Marlene Ngoyi Mvidia, Chairman of the Board of Directors of the Fund for Export Development in Africa (FEDA), along with two board members, Lady Rosa Whitaker and Dr. Sidi Ould Tah.
The meeting comes in the wake of the inauguration of FEDA’s headquarters in Kigali, a significant milestone in the efforts to bolster Africa’s economic development.
FEDA, poised to bridge the gap in equity financing across the continent, aims to provide vital impact investments to fuel private sector growth and ensure that citizens reap the benefits of the African Continental Free Trade Area (AfCFTA).
The Presidency said that President Kagame expressed his appreciation for the establishment of FEDA’s headquarters in Rwanda, underscoring the country’s commitment to fostering economic integration and prosperity across Africa.
He highlighted the importance of initiatives like FEDA in catalyzing sustainable development and unlocking the continent’s vast potential.
The delegation discussed various strategies to maximize the impact of FEDA’s investments, with a focus on promoting entrepreneurship, innovation, and inclusive growth.
Emphasizing the significance of collaboration and partnership, President Kagame reiterated Rwanda’s readiness to work closely with Afreximbank and FEDA to advance the goals of the AfCFTA and accelerate Africa’s economic transformation.
In his remarks, Prof Benedict Okechukwu Oramah commended President Kagame’s leadership and Rwanda’s conducive business environment.
He reiterated Afreximbank’s commitment to supporting initiatives like FEDA, which play a pivotal role in driving economic growth and prosperity on the continent.
Marlene Ngoyi Mvidia, Chairman of FEDA’s Board of Directors, emphasized the fund’s mission to foster sustainable development and create opportunities for African businesses to thrive in the global market.
She highlighted FEDA’s strategic focus on sectors with high growth potential, such as technology, agriculture, and renewable energy.
Lady Rosa Whitaker and Dr. Sidi Ould Tah, members of FEDA’s board, echoed the sentiment of collaboration and partnership, stressing the importance of mobilizing resources to support Africa’s economic transformation agenda.
The meeting concluded with a renewed commitment to advancing the objectives of FEDA and Afreximbank, with a shared vision of driving inclusive and sustainable development across the African continent.
As Africa continues on its journey towards economic integration and prosperity, initiatives like FEDA are poised to play a pivotal role in shaping the continent’s future trajectory.
