Zimbabwe is courting investment from Rwanda targeting the manufacturing, energy and pharmaceuticals sector as the country harnesses the potential of one of Africa’s steadily growing economies.
With an impressive growth trajectory of 7 percent recorded over the past decade, Rwanda is widely considered to be Africa’s real economic growth success story with its business friendly policies and foreign direct investment inflows.
Given this positive outlook, local industry leaders are shaping towards this source market to attract investments for various sectors.
Within this context, a business delegation will visit Rwanda early next year to formalise their engagements and work out areas of mutual interest.
While the business community is angling for investment, their efforts are buoyed by the confidence shown by RwandAir when it introduced flights between Harare and Kigali which started in April this year.
This visit will also offer a critical conduit for the industry leaders to learn on how to navigate economic pressures that have weighed down the performance of the local industry.