Kigali, 9 June 2022 (TDI): Prime Minister Xavier Bettel, and Franz Fayot, the Minister of the Economy and Minister for Development Cooperation and Humanitarian Affairs of Luxembourg, met with President of Rwanda Paul Kagamé
Moreover, Luxembourg’s Ministers also met with other Rwandan representatives.
The Ministers’ tour on the African Continent previously included Niger. They received the Rwandan President’s invitation to visit the country.
Certainly, this trip marks a milestone in the history of bilateral relations between both nations. It is the first time a Luxembourgeoise Prime Minister has visited Rwanda.
Bilateral relations between both nations date back to the early 1960s and are centered around economic development cooperation.
Historically, Luxembourg has shared its expertise with Rwanda to promote its development in various sectors. In this opportunity, the two most relevant issues were finance and communications.
Financial Sector
Minister Fayot met with his Rwandan counterpart, Uzziel Ndagijimana, Rwanda’s Minister of Finance and Economic Planning.
They discussed the future of Rwanda’s finance sector. Moreover, the authorities analyzed the results of the Kigali International Final Centre.
Luxembourg sponsored the center’s creation in 2020. Above all, it aims to attract foreign direct investment to the city of Kigali, Rwanda’s capital.
The Department of Cooperation and Humanitarian Action, Luxembourg Aid & Development, shared on its official Twitter account:
In Kigali, @FranzFayot was received by @undagijimana to exchange about how Luxembourg can contribute to strengthening the inclusive & innovative finance sector in Rwanda, given its longstanding experience in this field 🇱🇺🫱🏼🫲🏾🇷🇼 #LuxAid pic.twitter.com/zmoS75Lxp1
— Luxembourg Aid & Development (@cooperation_lu) June 7, 2022
Communications Sector
Later, Franz Fayot attended the World Telecommunication Development Conference.
The United Nations’ International Telecommunication Union hosted the event which aims to promote innovative communication practices.
Consequently, Luxembourg expressed its desire to share its knowledge in the field. The idea is to create a quality communication network in Rwanda.
In conclusion, the ministers’ visit was very productive. Given the Grand Duchy’s well-established experience in innovative finance and communications. For instance, further collaboration initiatives between Rwanda and Luxembourg will pose multiple benefits for their populations.
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