November 23, 2020

EastAfrica Herald

East African Views on Global News.

Rwandan Competitiveness: Kagame Speaks

Rwandan President Paul Kagame has spoken to the World
Economic Forum (WEF), making a speech to the congregated global participants
yesterday, as Rwanda takes a leap up the rankings on the recent WEF global
competitiveness index report to 63rd, out of 140 countries spanning the world.
The report also assessed Rwanda to be the 3rd most
competitive country in Sub-Saharan Africa, and placed the country in the top
spot at number 1 for the East Africa region.

The WEF is currently hosting its sixth Annual Meeting of the
New Champions in Tianjin, a port city in northern China.  The forum will
last for three days, and this year carries the theme of “Creating the Future
Economy”.  Over 2,000 participants from 86 countries are in attendance
this year.
Speaking to the participants, President Kagame encouraged
all developing economies to put in hard work and effort, in order to achieve
targeted growth – hard work being the only way to achieve results, he told the
congregation.  He spoke of Africa’s power to become a real player in the
global economy, stating that many African countries have the potential to
become real economic heavyweights, should the required work be put in to
growing the various national and regional economies.
Kagame stated: “If Rwanda can do it, I am sure many
countries can do it even better if they focus and work hard, and I think it’s
not an exaggeration that some of the African countries can make a breakthrough
among the top ten countries in the world.”
Turning to how Rwanda has achieved the remarkable growth it
has demonstrated over the recent years- and notably how it has shot to such
significant rankings in competitiveness reports- Kagame attributed the
country’s successes to regional cooperation.  Speaking highly of the East
African Community, he told the Forum that countries should be more ready to
stand together in solving shared difficulties, and that cooperation in terms of
problem solving and infrastructure development is the way to achieve economic
growth.  He explained: “Improved infrastructure has served the region well
and we also work on the competitiveness of each nation… We have learned to
overcome challenges as a region rather than each solving their own problems separately.”
Kagame went on to argue that, for African economies in
particular, regulations and strategies need to be put in place to help
growth.  He discussed the importance of having a development frame work,
and highlighted the pivotal role of national rules and regulations with a view
to growing the economy.  He told the Forum: “Business regulations should
mean enhancing high standards and quality and also setting the ground to the
point that when people come to do business in the first place, they know where
to start from…Regulations should promote innovation, entrepreneurship and doing
business, not a hindrance or an obstacle to freedom of business operation.”