Prime Minister Anastase Murekezi, while officially opening the 20th Rwanda International Trade Fair (RITF), has said that the main objective of trade fair is to facilitate trade relationships and technology transfer.
The Expo, as it is known, takes place at Gikondo Expo Grounds in Kigali from 22nd August to 6th September.
Murekezi remarked that organising trade fairs in Rwanda is in line with the country’s vision of putting the private sector at the heart of economic development.
The Prime Minister pointed out that participating actively in International Trade Fair will help Rwandan exhibitors to quickly gain new knowledge from colleagues and become more competitive. He also urged all exhibitors to network extensively and exchange ideas and experience with each other.
“Today, most of African economies still depend heavily on the production and export of raw materials and unprocessed commodities; there is too little value addition and few forward and backward linkages to other sectors of the economy,” Murekezi observed.
He therefore advised African countries to increase value addition, extract higher revenue from commodities and to better integrate themselves into the global value chains.
The RITF has attracted more than 500 exhibitors from 17 countries, including the United Arab Emirates, Egypt, Canada, Iran, Pakistani, Turkey, Singapore, Malaysia, Nigeria, Ghana, the USA, India and the EAC member states.