Prime Minister Edouard Ngirente has held discussions with investors interested in entering the Rwandan market. Ngirente was in Johannesburg, South Africa, representing President Paul Kagame at the just concluded Africa Investment Forum (AIF) where he pitched Rwanda’s investment opportunities to business executives. Organised by the African Development Bank, the three-day forum brought together various African Heads of State and Government. The Forum, which opened on Wednesday and closed yesterday, aimed at encouraging African countries to accelerate investment in infrastructure, energy, trade as well as adopt necessary strategies to facilitate investment in Africa. Ngirente explained opportunities available in Rwanda and briefed participants about some of the strategies adopted by the Government of Rwanda to facilitate doing business in the country. He also briefed about the benefits of investing in Rwanda, especially in the ICT sector. Key projects that were presented during the meeting were the Kigali Innovation City (KIC), Karongi Lakeside Hotel, and Gold Resort Project, affordable housing construction project, and Gabiro Agro Park project. The discussions caught the eyes of investors and some expressed their interest to invest in Rwanda. Rwanda‘s economic growth has been steady over the last two decades, while the Government has put much efforts in attracting Foreign Direct Investments (FDIs). According to Rwanda Development Board, in 2017, FDIs amounted to $1.041 billion or 62.26 per cent of all investments. The Government has been undertaking reforms to improve the business environment, making Rwanda the second most business friendly country in Africa and 29th globally, according to the latest World Bank Doing Business report. editorial@newtimes.co.rw
