The Luxembourg Chamber of Commerce will organise a trade mission to the Republic of Rwanda and to the Republic of Kenya from the 9th to the 14th of June 2019.
The aim of this trade mission is to promote and strengthen the commercial and economic ties between Luxembourg and the two respective countries. The mission will start in Kigali on Sunday 9th of June and will continue in Nairobi on Wednesday 12th of June. The program will mainly focus on the Infrastructure, ICT and Eco-Innovation sectors. All companies are however welcome to participate. B2B meetings as well as company visits will be arranged in both countries for members of the Luxembourg delegation. A more detailed program will be sent to interested companies.
Both Rwanda and Kenya are to be considered as important economic players in East Africa and are among the fastest growing markets in the region.
Rwanda
Rwanda has many assets: an important methane reserve, an expanding and little exploited mining potential, and a reputation that places the country among the least corrupt and safest countries in Africa. The government adopts liberal measures to transform Rwanda into a trade and services hub. This strategy is a proven success, the country being considered as most active reformer of the last 15 years. Indeed, Rwanda ranks 29th out of 190 countries in the World Bank’s Doing Business 2019 report, which is known to have significant improvements in 7 out of 10 indicators. The sectors attracting the most FDI are ICT, Finance, Insurance, Manufacturing, Energy, Water and Tourism.
Kenya
As the largest and most advanced economy in East and Central Africa, Kenya’s GDP accounts for more than 50% of the region’s total and in terms of current market prices. Overall economic expansion in East Africa measured 6.2% in 2018 and is forecasted to accelerate to 6.4% in 2019 and 6.5% in 2020. Kenya’s strong growth prospects are supported by an emerging middle class and an increasing appetite for high-value goods and services. The country’s investment climate is the strongest in the East African Community (EAC), with Foreign Direct Investments (FDI) flowing in from emerging and developed markets and a high volume of multinational companies with regional and continent-wide headquartered in the country. The current key sectors for investment are Energy, Infrastructure, ICT and Manufacturing.
If you wish to participate to the mission, please complete the registration form before the 9th of May 2019.
Companies asking for B2B meetings are kindly requested to send us their detailed wishes before the deadline so as to allow us to start the search for partners with immediate effect. For further information about this upcoming economic mission, feel free to contact Mr. Thomas Bertrand (Tel: +352 42 39 39 337 / 316 / 531; e-mail: africa@cc.lu).