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Why invest in Rwanda Top 5 reasons to invest in Rwanda
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Top 5 reasons to invest in Rwanda
Wednesday, 28 October 2009
- Article by Webmaster
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Rwanda offers an attractive environment to operate in or to run a business from.
Top 5 reasons to invest in Rwanda
Strong macroeconomic growth
- 8.8% average year-on-year GDP growth since 2004
- GDP growth rate in 2008 of 11.2%, highest among East African countries
- Controlled inflation, increasing government tax revenues and stable exchange rate
Stable governance climate
- Politically stable with a visionary leader at the helm hailed by many as a "CEO President of Rwanda Inc. "
- Zero tolerance for corruption and extremely low levels of crime
- Elected officials, Parliamentary system and established court systems with separate Commercial courts
Investor friendly and open for business
- World’s top business reformer by the 2010 Doing Business report compiled by the World Bank
- Private investment a top priority for President Kagame
- No sectors barred to foreign investors and no restrictions on the percentage of equity they might hold
- Starting a business and registering property easy – fastest in the region and 11th in the World
- Attractive incentives and simple taxation
- Creation of Industrial park, technology park and free trade zone
- Development of capital markets beginning with the stock exchange
A gateway to East Africa and the continent
- Central location – borders Tanzania, Uganda, Burundi and DRC
- A hub for the rapidly integrating EAC which includes Kenya, Tanzania, Uganda, Burundi – a market of 125M people with combined GDP of USD 70 billion. Share a Customs Union, and will form a Common Market in 2010
- Efforts to combine the East African Community, the Common Market for Eastern and Southern Africa, and the Southern Africa Development Community underway, putting 600 M people into a single market.
Abundance of opportunities
- Despite its remarkable progress, Rwanda remains largely virgin territory for investors. Across the board, there are many unexploited opportunities.
- Information on sector specific can be be found here
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