{"id":49319,"date":"2023-08-04T17:10:32","date_gmt":"2023-08-04T17:10:32","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/kagame-urges-african-leaders-to-enact-investment-policies"},"modified":"2023-08-04T17:40:27","modified_gmt":"2023-08-04T17:40:27","slug":"kagame-urges-african-leaders-to-enact-investment-policies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/kagame-urges-african-leaders-to-enact-investment-policies","title":{"rendered":"Kagame urges African leaders to enact investment policies"},"content":{"rendered":"<p><b> Edwin Ashimwe<\/b><\/p>\n<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>President Paul Kagame on Thursday, August 3, issued a rallying call to fellow African leaders saying that governments must step up and enact enabling investment policies, to be able to attract major impactful investments such as the just-inaugurated Anjia Prefabricated Construction Cement Factory in Muhanga district, Southern Province.<\/p>\n<p>\u201cThat\u2019s what we have been doing here in Rwanda for a number of years,\u201d he pointed out.<\/p>\n<p>The Head of State made the call shortly after launching and also touring the $100 million facility which targets an annual output of a million metric tonnes output in order to address the supply deficit in the market.<\/p>\n<p>The development is part of the investments made by the West International Holding Ltd, a subsidiary of China West Cement Group.<\/p>\n<p>Already the company\u2019s initial injection of over $50 million has seen the setup of a high-performance cement grinding station system with two kinds of Cement; the CEM II\/A-M 42.5 Ordinary Portland Cement as well as the CEM II\/B-M 32.5 ordinary Portland cement.<\/p>\n<p>Following a guided tour, President Kagame commended West China Cement Group\u2019s commitment to the infrastructure development of \u201cnot just Rwanda but our continent.\u201d<\/p>\n<p>\u201cOver the years, West China Cement, and West International Holding, the company have become key players in Africa\u2019s efforts to reach self-sufficiency in cement production,\u201d he added.<\/p>\n<p>\u201cEarlier I had the opportunity to tour the plant, you have set the bar high in terms of quality and we appreciate that.\u201d<\/p>\n<p>Prospects look promising<\/p>\n<p>The African cement, concrete and construction business is growing at a rapid pace, and according to President Kagame the prospects for the industry look promising.<\/p>\n<p>\u201cThis state of art plant will contribute to Rwanda\u2019s transformation journey. We thank you and assure you that you have our country\u2019s full support.\u201d<\/p>\n<p>He also highlighted that a rapidly growing and urbanizing population in Africa creates increased demand for housing and infrastructure investments.<\/p>\n<p>\u201cFor manufacturers this means more opportunities to invest in new markets and create jobs in our communities. Challenges remain but they can be overcome through more cooperation.\u201d<\/p>\n<p>\u201cTo enhance the performance of the industry, it is essential to deliver higher quality products and shift to more sustainable manufacturing practices. Only then can we continue gaining ground to remove regulatory barriers, increase beneficial competition and reduce prices.\u201d<\/p>\n<p>Ultimately, Kagame asserted, the end goal is to build a more connected Africa where all Africans can benefit.<\/p>\n<p>Meanwhile, Kagame also pointed out that the Africa Continental Free Trade Area (AfCFTA) is a valuable tool for advancing the continent noting \u201cbut we must unleash its full potential.\u201d<\/p>\n<p>\u201cTransformation takes time. We are united by a shared vision to close the infrastructure gap and improve the standards of living. Let us continue to build on this mind-set.\u201d<\/p>\n<p>\u201cAnjia is undoubtedly a good addition to Rwanda\u2019s manufacturing landscape. I only see success in our strong partnership,\u201d he said.<\/p>\n<p>Zhang Jimin, Chairman of China West Cement said the investment marks the group&#8217;s debut on the Rwandan market, with more investments in the pipeline.<\/p>\n<p>\u201cWith our strong capital we are looking forward to further investment in the country especially in the construction and manufacturing industry.\u201d<\/p>\n<p>\u201cThis project is our first investment in Rwanda and it represents the beginning of our future cooperation,\u201d he said.<\/p>\n<p>Clare Akamanzi, Rwanda Development Board Chief Executive commended China for being one of Rwanda\u2019s major sources of investments.<\/p>\n<p>She said that over the past five years, Rwanda had registered nearly $1 billion in foreign direct investments by China, which collectively generates 25,000 jobs.<\/p>\n<p>\u201cThere is a deep commitment for investing in Rwanda. We are grateful for being a great partner,\u201d she added.<\/p>\n<p>China\u2019s Ambassador to Rwanda Wang Xuekun echoed similar sentiments citing that the launch of the plant \u201cwas long awaited.\u201d<\/p>\n<p>\u201cThis project will largely promote Rwanda\u2019s cement industry; it will significantly boost the development of Muhanga Industrial park. More jobs will be created for local people, with the output of high quality cement, I believe we will see more standard infrastructure in the country and in particular in Muhanga.\u201d<\/p>\n<p>The plant, Ambassador Xuekun said, comes at a time when bilateral ties between China and Rwanda have been strengthened.<\/p>\n<p>\u201cDespite the geographical distance, Rwanda and China enjoy fruitful relations,\u201d he said.<\/p>\n<p>edwin@newtimesrwanda.com<\/p>\n\r\n                <style type=\"text\/css\">\r\n                    \r\n                    #td_uid_1_69d2c6eb782ca  .td-doubleSlider-2 .td-item1 {\r\n                        background: url(https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1691158124.797251-80x60.jpg) 0 0 no-repeat;\r\n                    }\r\n                    #td_uid_1_69d2c6eb782ca  .td-doubleSlider-2 .td-item2 {\r\n                        background: 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\"td-border\"><\/div>\r\n                    <\/div>\r\n                    <div class = \"td-button td-item3\">\r\n                        <div class = \"td-border\"><\/div>\r\n                    <\/div>\r\n                    <div class = \"td-button td-item4\">\r\n                        <div class = \"td-border\"><\/div>\r\n                    <\/div>\r\n                    <div class = \"td-button td-item5\">\r\n                        <div class = \"td-border\"><\/div>\r\n                    <\/div>\r\n                            <\/div>\r\n                        <\/div>\r\n\r\n                    <\/div>\r\n\r\n                <\/div>\r\n                \n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Edwin Ashimwe Africa-Press &#8211; Rwanda. President Paul Kagame on Thursday, August 3, issued a rallying call to fellow African leaders saying that governments must step up and enact enabling investment policies, to be able to attract major impactful investments such as the just-inaugurated Anjia Prefabricated Construction Cement Factory in Muhanga district, Southern Province. \u201cThat\u2019s what [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":49318,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,20,772],"tags":[760,763,758],"class_list":["post-49319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-photo","category-to-homepage","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kagame urges African leaders to enact investment policies - 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