Energy is more than a commodity—Kagame

{President Paul Kagame has said that Africa will never be a continent of middle income economy unless it sets sustainable solutions to the generation and distribution of energy.}

He revealed this in Houston, Texas of USA which centered around African future and global energy related issues.

President Kagame is in United States of America where he attended the International Energy Summit organized by IHS Inc Company. IHS Inc is a company that provides information and analysis to support governments in the decision-making process of businesses, security levels, technology and energy.

Throughout his speech, President Kagame has demonstrated that energy is not only a commodity but also a foundation of world’s economy.

He said that Africa will need more energy resources in next two years.
“Africa will step forward in resisting challenges of inadequate energy in developing countries. Africa will never become a middle income economy unless it gets enough energy resources,” he said.

The president said Africa has a lot to offer as a partner in innovation and creativity while it is a better place to launch and expand needed technology in effectively distributing the energy.

He said that Africa is gradually progressing unlike people considering it a continent of calamities.

President Kagame said that opportunities found in Africa can generate big profits for investors in maintaining the development of citizens. He noted that African continent is wealthy not a burden with challenges to be addressed by the rest of the world.

Talking on the East African Community, Kagame said that countries are working together, showing willingness to achieve more. He also unveiled the presence of investment opportunities in the region.

“We are integrating politically, taking into consideration the master plan of our infrastructures,” he said.

President Kagame is expected to give a lecture on political issues in Harvard Institute of Politics, in Boston city.

He is also expected to lecture on economic development based on Rwandan experience in Harvard Business School.