The second edition of African Business Connect brought together in Kigali 400 companies from Morocco and Rwanda to prospect business and investment opportunities. The East African newspaper noted that Rwanda is expecting more than $100 million in investments from Morocco. “Back in October we signed a partnership agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on incomes,” she recalled. The $100 million investment opportunity comes a few months after King Mohammed VI of Morocco met President Paul Kagame, in Casablanca in June and in Kigali in October last year. During King Mohammed VI’s visit to Rwanda in October, the two countries signed 19 agreements setting the stage for cooperation in vital sectors such as agriculture, housing, vocational training, finances, taxes, banking, new technologies, air transport, tourism and renewable energies.

Source: The North Africa Journal April 04, 2017 16:07 UTC