REMARKS FOR HON. RUGWABIZA VALANTINE, MINISTER OF EAC, REPUBLIC OF RWANDA AT THE COCKTAIL FOR THE 7TH EAPCE 2015
REPUBLIC OF RWANDA
MINISTRY OF EAST AFRICAN COMMUNITY
REMARKS FOR HON. RUGWABIZA VALANTINE, MINISTER OF EAST AFRICAN AFFAIRS, REPUBLIC OF RWANDA AT THE COCKTAIL FOR THE 7TH EAST AFRICAN PETROLEUM CONFERENCE AND EXHIBITION 2015
MARCH 4TH 2015
SECRETARY GENERAL OF THE EAC
JUDGE PRESIDENT OF THE EACJ
HON. MEMBERS OF EALA
HON. MEMBERS OF PARLIAMENT
DEPUTY SECRETARY GENERALS OF THE EAC
DISTINGUISHED DELEGATES FROM THE EAC AND BEYOND;
LADIES AND GENTLEMEN
It is with a great pleasure and honor that I welcome you once again to Rwanda and to the East African Petroleum Conference and Exhibition. The turnout has been impressive and I thank you all for your enthusiasm and participation. Today’s discussions were insightful and engaging and I am confident that the conversations will yield tangible results for the region.
Let me also take this opportunity to acknowledge and extend my appreciation to all the sponsors. Your contributions and generosity is recognised and appreciated.
Earlier today, Our Guest of Honor, the Rt. Hon. Prime Minister and various speakers highlighted the progress and achievements registered with regards to oil exploration initiatives across the region. It is clear that a lot has been done in the past decade; including discoveries of Petroleum in Lake Albert Garden in Uganda and Lake Turkana in Kenya respectively. Beyond discoveries, Uganda and Tanzania have granted licensing rounds for petroleum production, which is a clear indication and testament to the fact that oil production in the region is a reality. The region is abound with opportunities that are being exploited.
However, effective cooperation between Partner States in the Petroleum sector will be key to fast tracking implementation and the realisation of benefits in a relatively short period of time. This is already happening in EAC, through the Northern Corridor Initiative, aimed at accelerating the implementation of select EAC projects including the Oil and Gas sector.
The Private Sector in the region must therefore seize the moment and opportunities presented by these developments, in addition to an ever conducive environment for investment. The EAC market is a large and growing market with 153 Million citizens and a combined GDP of $132 Billion, which should give confidence to investors wishing to invest in the region. I would like to urge investors present to actively pursue investments in the EAC. You can be assured of committed partners from EAC Governments and positive returns on your investments.
Ladies and Gentlemen,
You all must have had a busy and heavy day today. This evening is meant for cocktails and networking, and so I will limit my remarks so that I can allow you all to mingle, relax and enjoy the cocktails.
Let me conclude by once again thanking you all and wish you a pleasant stay in Rwanda. Please take time after the conference to experience our rare mountain gorillas; the canopy walk in the tropical forests in Nyungwe; or perhaps a game drive at the Akagera National Park. I guarantee you an unforgettable experience!
Thank you and enjoy the evening!