Rwanda Development Board (RDB) has clarified that preparation to host the 2020 Commonwealth Heads of State and Government Meeting (CHOGM) is still on and instead Rwanda is warming up to take advantage of the $700mn investment and trade deals that will be unveiled at forum.
At least $1 trillion is expected to be transacted between the Commonwealths countries this year alone, an amount considered to be a record.
On the other hand, Rwanda’s Private Sector has been asked to take advantage of the $700mn investment and trade deals that will be unveiled at the CBF 2020 that will take place alongside CHOGM.
Among these deals, RDB revealed that Rwanda government will sign deal for the established International Financial center (IFC) in Kigali, construction of the Kigali Sports Complex, and real estate deals among others to be announced along the way.
The 2020 Commonwealth event will bring 53 country delegations, up to 40 Heads of Government will attends alongside several multinational corporate, private equity, sovereign and mutual funds.
“This is an opportunity for us to prepare to know who to talk to and the only way we can get these deals and benefit is to prepare ways of marketing our products, business and proposals on time. Let’s show that doing business in Rwanda is profitably,” said Robert Bafakulera, the chairman of the Rwandan Private Sector Federation (PSF).