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Sweden to invest in East Africa

 

Swedish Finance minister Anders Borg has said he will encourage his country’s business community to consider investing in East Africa especially in Uganda and Rwanda.

Borg was speaking in Kigali shortly after meeting President Paul. The two leaders Kagame and Borg discussed Africa and Rwanda’s growth prospects and how Sweden can partner with the East African countries.

“We should strengthen the economic relationship between Sweden and East East African countries as much as we can. There are great opportunities to invest in a fast-growing East African economy,” Borg said.

He highlighted telecommunication, agribusiness, and information technology as some of the areas where Swedish entrepreneurs can invest. Swedish telecom companies, Tigo and Ericsson have already invested in East Africa, taking advantage of the fast-growing mobile phone penetration.

Borg’s visit to Rwanda is part of a three-nation tour of East Africa that is also covering Kenya and Uganda.

Ends

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