President Paul Kagame attending Investment Summit in Germany

President  Kagame on Monday joined other African leaders in Berlin, Germany for the G20 Compact with Africa Investment Summit.

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Launched in 2017, the G20 Compact with Africa (CwA) was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure.

The initiative is demand-driven and open to all African countries.

“This year’s events will begin with an Investment Summit which will highlight investments resulting from the G20 Compact with Africa partnerships,” reads part of a statement from the Office of the President.

“Later in the afternoon (Tuesday), German Chancellor Angela Merkel will host a conference for Heads of State from partner countries to discuss the Compact with Africa,” the statement adds.

According to the statement, Rwanda will present its partnership with Volkswagen and Siemens, as investments that resulted from this partnership.

The two global manufacturing giants already have presence in Rwanda with Volkswagen having established an assembly plant in Kigali.

Twelve African nations have so far joined the initiative and besides Rwanda, others are; Benin, Burkina Faso, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Senegal, Togo and Tunisia.

Mugie Yohanar.

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