More investors expected following Cannes conference

World investors who attended the MIPIM Conference in Cannes, France, hailed Rwanda’s investment climate and expressed interest in investing in the country.MIPIM is the world’s largest international property and investment event. Rwanda was a debutant. The country provided major attractions including the Kigali master plan, whose standards impressed various world leaders. According to Kigali Mayor, Fidele Ndayisaba, who attended the conference, other factors that attracted the attention of European investors is the political and investment climate put in place by the government. “Europeans were surprised with our security, zero tolerance to corruption as well as cleanness.” Ndayisaba said. Meanwhile, Old Mutual, a South African international long-term saving and investment company, has already expressed interest to construct over a thousand (1,000) low cost housing units for low income earners. Vivian Kayitesi, from Rwanda Development Board (RDB), said that they expect more investors to come to Rwanda following the event. “We exchanged contacts with many international investors and we think many were interested in venturing into our economy and we shall welcome them,” Kayitesi said. She added that their major targeted investments will be in tourism, agriculture and information and communication technology (ICT). Premier Bernard Makuza hosted various senior level meetings with investors from the United Kingdom, the United States, Germany and South Africa. Ndayisaba also participated in the mayors’ Think Tank roundtable, where 80 city mayors shared experiences. Ends

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More investors expected following Cannes conference