RDB, DP World sign an MOU to accelerate trade
DP World has signed a Memorandum of Understanding (MoU) with the Rwanda Development Board on the 16th December 2020, for Rwanda to be the first country in which it will launch its new global B2B and B2C e-commerce platform, DuBuy.com. Rwanda will become DP World’s initial hub for expanding e-commerce across the East African Community and beyond. The vision of the MoU is to make it easier for Rwandan businesses to engage in international trade, which includes strengthened commercial trading links between the UAE and Rwanda.
Commenting on the signing of the MoU, Clare Akamanzi, CEO of Rwanda Development Board, said: “The government of Rwanda has made substantial investment in creating a suitable environment to derive e-Commerce. The signing of the MoU with DP World today is a significant boost to our efforts to support the development of a digital economy working closely with the private sector. There is no doubt that this partnership will make it easier for Rwandan businesses to participate in global trade.”
Mike Bhaskaran, COO Logistics & Technology, DP World, commented: “We couldn’t be more excited to be launching DuBuy.com as a major e-commerce site in East Africa. The platform will initially enable Rwandan products to reach global markets and help enterprises from around the world to invest in Rwanda, before later expansion to further African markets”.
In September 2020, Ambassador Emmanuel Hategeka and Minister Counsellor chaired a virtual meeting with DP World Vice-President, Mr. Mike Bharskaran, on the potential benefits aiming at promoting Made In Rwanda exports to the UAE and GCC through an online platform for B2B and B2C known as DuBuy.com.