November 27, 2020

Singapore to support Rwanda’s industrial parks development

The Government of Singapore has pledged to support Rwanda in the ongoing process of developing industrial parks in various parts of the country as well as developing strategies to promote small and medium enterprises (SMEs).

The pledge was made during a meeting between the Minister of Trade and Industry, Honourable Francois Kanimba, and Singapore’s Minister of Trade, Hon Lim Hng Kiang, during a one-day official visit to Singapore early this week.

A statement from Rwanda’s High Commission in Singapore indicates that Kanimba appreciated the offer stating that the technical support from Singapore is “very valuable” given the experience and relevant expertise that Singapore has developed over the past decades to become a global leader in industrial Parks’ development and management.

Minister of Trade and Industry Francois Kanimba and his Singapore counterpart Lim Hng Kiang

The Minister also had an in-depth discussion with SPRING Singapore, a government agency that is responsible for incubating and supporting the growth of start-up companies and SMEs, according to The Newtimes.

The Minister of Trade of Singapore, Lim Hng Kiang, further expressed that the government of Singapore is considering sending a delegation to Rwanda, which will, among others, sign the already negotiated ‘Bilateral Investment Treaty’ for the mutual protection and promotion of investment.

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