RDB’s Clare Akamanzi sets out Rwanda’s agenda at Davos 2023

Global leaders from around the world have gathered in Davos, Switzerland, for this year's World Economic Forum, with the theme of cooperation in a fragmented world. CNBC Africa's Godfrey Mutizwa recently sat down with Clare Akamanzi, the CEO of the Rwanda Development Board, to delve into Rwanda's agenda at the prestigious forum. Rwanda is keen on growth and making substantial contributions to the global economy, hence their active participation at events like the World Economic Forum. Akamanzi emphasized the importance of engagement at such gatherings, not only for Rwanda but for the entire African continent, to maximize the opportunities available. She highlighted the significance of sharing priorities with other countries and potential partners to foster meaningful partnerships going forward. The CEO expressed her enthusiasm about the in-person interactions at Davos, noting the value of human engagement, which has proven to be more meaningful than virtual interactions, particularly in the post-COVID-19 era. Rwanda aims to position itself as an attractive investment destination, with a focus on establishing a new financial center in Africa. The country boasts a conducive environment, good governance, and safety, making it an ideal hub for investors looking to venture into the African market. Akamanzi also shed light on Rwanda's strong emphasis on digital and ICT initiatives, seeking to collaborate with innovative companies and entrepreneurs to drive technological advancements in the country. She emphasized the importance of leveraging partnerships to propel Rwanda's development in various sectors, including finance, technology, and tourism. Climate change and economic recovery are key topics on the agenda at Davos, with Rwanda actively engaging in discussions around the green economy. The country has made significant strides in environmental conservation and is keen on attracting investments in clean energy solutions and sustainable mobility. Akamanzi highlighted Rwanda's commitment to promoting environmental sustainability and its readiness to collaborate with investors in the green economy sector. Despite the global focus at Davos, Akamanzi stressed the importance of highlighting Africa's potential and the need for a dedicated platform like 'Africa' to showcase the continent's economic opportunities. She advocated for hosting the World Economic Forum on Africa, underscoring Africa's position as the next frontier for economic development. Rwanda is prepared to pitch for hosting the event and is eager to promote Africa's growth and potential on a global stage. The CEO also discussed Rwanda's involvement in the African Continental Free Trade Area, emphasizing the significance of this ambitious initiative in fostering intra-African trade and economic integration. Rwanda participated in the pilot phase of the free trade area, demonstrating its commitment to regional cooperation and trade facilitation. While acknowledging the challenges ahead, Akamanzi emphasized the need for strong leadership, infrastructure development, and capacity building to drive the success of the continental free trade area. She called for sustained political will and long-term commitment from African leaders and governments to realize the full potential of the initiative. Akamanzi's insights shed light on Rwanda's strategic priorities and its vision for economic growth and collaboration at Davos 2023, reflecting the country's proactive approach to global engagement and partnerships.