Magazine article International Trade Forum

Africa Is Open for Business

Magazine article International Trade Forum

Africa Is Open for Business

Article excerpt

For the first time the International Trade Centre (ITC) held its annual World Export Development Forum (WEDF) in Africa in 2014. On 15-17 September more than 1,000 delegates from across the world came to Rwanda's capital, Kigali, to discuss how trade can spur development.

The event, hosted by the Rwanda Development Board (RDB), was opened by Rwandan President Paul Kagame, who told the gathering that the right cultural mindset is critical to transform an economy.

'The first obstacle to overcome is the belief that we cannot do it. If we overcome this, the rest is history,' he said. 'To find the right trade niche requires not only hard work, but also resilience in the face of setbacks and disappointments. If the path were easy or obvious, it would have been discovered already.'

A vibrant private sector is the only way to encourage jobs and growth, especially for youth and women, said ITC Executive Director Arancha Gonzalez. 'By 2030, 500 million jobs need to be created to keep up with growth in the world's working-age population. More and better jobs will mean the difference between a demographic dividend and a social time bomb,' she said.

Francis Gatare, chief executive officer of RDB, highlighted the importance of entrepreneurship and job creation to unlock the potential of the private sector to fuel economic growth. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.