Kagame assures investors that the Rwandan economy will bounce back. He says that even after the coronavirus pandemic, the economy will do well. He assures this despite the slowdown on this containment time.
President Paul Kagame made these remarks during a video conference session with pan African investors. This was under the organization called Invest Africa. Invest Africa is a top pan- African business stage that advances exchange and venture on the African mainland.
Kagame believes in the revival of the economy
Invest Africa, has a worldwide impression of in excess of 400 organizations. These include private equity firms, multinationals, financial institutions, institutional investors, proficient service organizations, entrepreneurs, and government bodies among others.
The concerns were directed by Robert Hersov, a South African business person situated in London. The President guaranteed financial specialists that in spite of the jam in numerous parts of the economy, it will get better. As Rwanda attempts to check and contain the infection from spreading, the economy would be good.
Partnering with other organizations
This is in addition to other things. As a result of organization with various partners to tie down assets to pad the economy and empower different segments to continue. Rwanda has for example made sure about $109.4 million credit from the International Monetary Fund and some $11 million obligation alleviation from a similar institution.
Post COVID-19, the Head of State said that Rwanda stays prepared for a venture to keep up financial development. Also to fill holes that could have arisen during the eased back a pace. Among the sectors at the top prepared for investment are, innovation and technology, administration segment, hospitality, the tours and travel industry, and finance, among others. Some of which have been tried and also tested during the lockdown time frame.
He said that the lockdown was an opportunity to learn and assess a few perspectives. And wherever needed, change the methodology. The government has required that the previous three weeks for a lockdown that saw all activities disrupted, other than those giving fundamental assistance like food, banking, and healthcare.
“We have seen some of the things that we are lacking and we are going to increase that. We will probably double up on that because we are coming from an economy that has shut down and we are trying to speed up and will require double effort on our part,” he said.
Normalcy will be retained post COVID-19
While giving insight, the president acknowledged that there was fast intervention during the outbreak and also various scientists and stakeholders cooperated well. By Tuesday, Rwanda had recorded 134 cases. 49 of which have recovered fully then discharged.
The country has made efforts by isolating confirmed cases, quarantining suspected cases and also helping the vulnerable members in the community. They have been provided with food and supplies for hygiene.
Kagame also emphasized the importance of cooperation by nations to overcome the pandemic. He said that no matter what differences preexisted, the main focus is to return to normalcy.
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