Private Sector Federation Rwanda and Kano Chamber of Commerce, Industry, Mines, and Agriculture (KACCIMA) Sign Economic Cooperation Agreement to Strengthen Trade and Investment

Rwanda and Nigeria have taken a significant step toward deepening bilateral economic cooperation with the signing of an economic cooperation agreement between Rwanda’s Private Sector Federation (PSF) and the Kano Chamber of Commerce, Industry, Mines, and Agriculture (KACCIMA).

The agreement was signed on 10 November 2025 during the “Invest in Rwanda Session”, held on the sidelines of the 2025 Lagos International Trade Fair. The session was organized by the Rwanda Development Board (RDB) in partnership with the Embassy of Rwanda in Nigeria and the Lagos Chamber of Commerce and Industry (LCCI).

The cooperation framework aims to promote trade, investment, business partnerships, and knowledge exchange between Rwandan and Nigerian enterprises, with a focus on translating dialogue into concrete investment projects.

Speaking at the event, H.E. Christophe Bazivamo, Rwanda’s Ambassador to Nigeria, described the agreement as a milestone in strengthening Rwanda–Nigeria economic relations. He emphasized that investing in Rwanda goes beyond financial returns, noting that Rwanda’s development model is anchored in innovation, efficiency, and collaboration.

He highlighted Rwanda’s modern industrial parks, transport infrastructure, and technology hubs, underscoring the country’s readiness to partner with Nigerian businesses. Ambassador Bazivamo also acknowledged the important role Nigerian investors continue to play in Rwanda’s economic growth and investment ecosystem.

Representing the Lagos Chamber of Commerce and Industry, Dr. Chinyere Almona, Director General of LCCI, reaffirmed the Chamber’s commitment to advancing business and investment relations between the two countries. Speaking on behalf of LCCI President Gabriel Idahosa, she encouraged Nigerian businesses to engage in joint ventures, investment missions, and knowledge-sharing initiatives with Rwanda, particularly within the framework of the African Continental Free Trade Area (AfCFTA).

On behalf of the Rwanda Development Board, Chantal Atukunda highlighted Rwanda’s investor-friendly environment and strong economic performance. She noted that Rwanda has sustained annual economic growth of over 7 percent, secured USD 3.2 billion in investment agreements in 2024, and achieved strong global rankings in the B-READY 2024 Report, including:

• 3rd globally in overall efficiency
• 8th in public service performance
• 17th in governance and investment regulation

Also speaking at the event, Dr. Abdulaziz Muhammed, First Vice President of KACCIMA, expressed the Chamber’s readiness to work closely with Rwanda to advance trade, investment, and Africa’s broader economic development, describing Rwanda as a trusted and strategic business partner.

The “Invest in Rwanda Session” provided a platform to showcase Rwanda’s investment support systems and highlight the diverse opportunities available to Nigerian and international investors, reinforcing Rwanda’s position as a competitive and reliable destination for business in Africa.