Rwanda and Senegal have signed a memorandum of understanding (MoU) to enhance their collaboration in promoting and facilitating investments. The agreement was signed during the Rwanda–Senegal Investment Forum by Juliana Muganza, deputy chief executive of the Rwanda Development Board (RDB), and Moustapha Cissé, deputy chief executive of the National Agency for the Promotion of Investments and Major Projects (APIX Senegal). According to a statement released by the RDB on October 7, the MoU includes the exchange of knowledge and experiences, as well as the strengthening of economic ties between the two nations. The goal is to help businesses connect more easily, promote trade, investments, and partnerships. Several sectors are identified as having potential for collaboration, including logistics, construction and real estate, leather and fashion, agriculture and agro-industry, and trade-related services. Juliana Muganza emphasized that there are real opportunities to trade, form partnerships, and invest in both markets, and that the two countries can learn a great deal from each other. She pointed out the complementarities between Rwanda and Senegal’s economies, noting that Senegal has developed strong capabilities in entrepreneurship, trade, services, industry, and regional activities. Dakar, Senegal’s capital, is highlighted as a key commercial gateway in West Africa. For Rwanda, deepening its relationship with Senegal is part of a broader strategy to position itself as a business and investment hub in East Africa and to attract more foreign companies. Rwanda is particularly interested in expanding its connections with West African markets, with Senegal serving as a strategic entry point to the region. This initiative is part of the growing economic cooperation between the two countries. While their relationship has long focused on political collaboration, it has gradually expanded into various economic sectors. The visit by Senegalese President Bassirou Diomaye Faye to Rwanda in October 2025 helped strengthen this dynamic, leading to agreements in areas such as agriculture, health, air transport, digital technology, and investment promotion. Despite limited trade exchanges so far, both countries are working to further structure their economic relations and strengthen links between the business communities of West and East Africa. At the end of the first session of the joint cooperation commission, 11 cooperation texts, including three agreements and eight memoranda of understanding, were signed by both parties. These commitments cover a range of sectors, including information and communication technologies and innovation, tourism, youth, culture and arts, sports, higher education and scientific research, and standardization. This collaboration marks an important step in building a more integrated and cooperative economic relationship between Rwanda and Senegal.