KIGALI – The regional integration and close partnership between members of regional economic communities are key factors that can fast-track development and prosperity for individual nations, President Paul Kagame has said.
Kagame, who was on Wednesday speaking at the Global Business Forum on Africa held in Dubai, United Arab Emirates gave an example of East African Community which he said has made positive impact building joint infrastructure projects and free movement of people.
“If you look at the East African region, even more progress has been realised, for example, in the area of customs union, integration in the area of infrastructure that bring the countries of the East African Community together, whether it is telecommunication in the area of realising one area network, where there are no roaming charges,” Kagame was quoted by the New Times.
EAC integration has, among others, seen the liberalisation of free movement of people, goods and services, consequently increasing opportunities for the over 160 million citizens of the bloc.
In 2014, Kenya, Uganda, Rwanda and South Sudan rolled out the One Area Network, scrapping calls roaming rates which brought down the cost of communication.
The region is also in the process of rolling out the Standard Gauge Railway, a 2000km project which will further ease movement of goods.
On the sidelines of the Global Business Forum on Africa, Rwanda signed two bilateral agreements with UAE, which are expected to enhance investor relations.
The pacts will facilitate promotion and reciprocation of protection of investments as well as double taxation avoidance.
This will serve to increase investor confidence in Rwanda’s business regulatory environment.