Rwanda-US investment pact a boost to investor confidence

The US Senate, last week, approved a Bilateral Investment Treaty (BIT) with Rwanda, a deal which was first signed, in 2008, by President Paul Kagame and then US leader George W. Bush, during the latter’s visit to Kigali. The treaty – the first the US has signed with a sub-Saharan nation within the last decade – is anchored on the principles of open investment and trade policies in both countries, and seeks to bolster the links, especially through the private sector.