Guest of honor Hon Minister Francois Kanimba cutting the ribbon to officially open the 19th RITF.
The 19th Rwanda International Trade fair (RITF) has officially opened with local traders urged to utilize the opportunity to network and learn more in order to boost their production capacity which would then create exporting opportunities.
The event organized by Rwanda Private Sector Federation (PSF) officially opened Thursday 28/July/2016 and will run until 10th –August 2016.
This event provides various opportunities for the business community in Rwanda which in turn has a positive economic impact on country’s economic growth and development. It further acts as a market for the local and international producers/traders to sell their products. The Rwanda International Trade Fair gives a chance to our local producers to network and learns from each other especially in technology transfer, activating business ideas and eventually lead to innovations in investment.
This year’s Trade fair has attracted 420 exhibitors both locals and international from around the world.
While speaking the at the official opening, the PSF chairman Benjamin Gasamagera observed that the RITF brings all the potential buyers at a single platform where they have an access to the entire range of products, services, and technologies.
He mentioned that Rwanda International Trade Fair has played a big role in promoting trade and industrial development activities which have been shown by results yielded from the past Rwanda Trade Fairs whereby a number of foreigners companies who, after participating in the Rwanda Trade fair, opened up their businesses successfully invested in Rwanda.
PSF chairman Benjamin Gasamagera while giving his keynote address at the official opening.
Among the companies that have since then opened up in Rwanda include; JKK international from Dubai, MUKWANO, Roofing Rwanda Ltd, Dodoma, Azania Group among others.
“We have also seen local companies setting up a joint venture and creating project partnership with international firms and all these have a positive impact on the economic development of our country”, PSF chairman said while giving his keynote address.
He added “I hope that, as we are embarking on Made in Rwanda initiative as one of the mechanisms to reduce trade deficit, this International trade Fair will provide a unique opportunity for local exhibitors, to evaluate themselves to their colleagues, develop market structures by identifying new agents and distributors, most importantly creating a lasting partnership not only for local market but also for regional and international markets,”
The PSF chairman Mr. Gasamagera further noted that the Expo is one of the essential tools in increasing export potentials of economies adding that businesses that attend fairs move forward in the internationalization process more quickly and with much less cost in comparison to businesses that do not attend fairs.
The Minister of Trade and Industry Francois Kanimba who officially opened the Rwanda International Trade Fair urged the locals to participate in the trade fair saying that the event should be an avenue of showcasing the new trends and transformations of both products and services.
“A lot is visible but still a lot is yet to be done. An international exhibition center has to be put in place with ample infrastructure that will attract the world over. Creativity and innovation have to play a vital role in developing products that are at par with the different tastes emerging from consumer behaviors,” minister said.
“Let us use this International Trade Fair as a marketing avenue for our products and engage in business networking for stronger and future partnerships, sharing experiences and reciprocating best practices aimed at promoting and developing trade in your areas of expertise,”
Minister further mentioned that The government of Rwanda considers the private sector as a pivotal force in realizing not only economic independence but also the socio-economic transformation of the world today adding that this is evident with a number of factors that include but not exhaustive; job creation, skills development, corporate social responsibility practices that have become the norm of business entities.
By Eric Kabera
PSF/Head of Communication