The Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) has ended with Rwanda signing an agreement to benefit from the Chinese African Development Fund (CADF).
The Chief Operating Officer of Rwanda Development Board, Emanuel Hategeka, signed an MoU with CADF earlier today in Beijing to accelerate what he said was ” matching opportunities” between Rwanda and Chinese investors.
“The $10bn China Africa Development Fund is a huge opportunity to facilitate FDI (Foreign Direct Investment) inflows to Africa,” Hategeka said shortly after the signing ceremony.
He had just signed another deal with CCPIT; the China Council for Promotion of International Trade during a business forum organized in the margins of FOCAC2018.
“The signed framework MoU is intended to accelerate exchange of information and matching opportunities between Rwanda and Chinese investors,” Hategeka explained.
$60bn in new funding pledge for infra, industrial devt, human capital…$10bn in FDI over next 3yrs, soon maturing interest free loans to landlocked countries to be exempted announced by President Xi Jinping during #FOCAC2018. True friend indeed.
— Emmanuel Hategeka (@ehategeka) September 3, 2018