Rwanda news update – African business survey puts Rwanda into top ten African investment destinations

RWANDA’S RELENTLESS CLIMB INTO THE TOP 10 AFRICAN INVESTMENT DESTINATIONS

The latest information available from sources close to the Rwanda Development Board indicates that the ‘Africa Business Panel’ has ranked Rwanda now at the number 7 most preferred investment destination in Africa, after such illustrious names like South Africa, Nigeria, Kenya, Ghana, Angola and Tanzania. Rwanda has in recent years invested heavily to become Eastern Africa’s ICT hub and added infrastructure in roads while pursuing a direct rail link with the Indian Ocean port city of Dar es Salaam, as an extension railway with standard gauge between the inland dry port of Isaka and Kigali.

A new international airport is also in planning as has the national airline RwandAir been catapulted to prominence in the region with wise investments in right sized aircrafts and a strategic expansion of their network and flight frequencies to the most important trading partners in Eastern, Central and Southern Africa. The creation of a ‘One Stop Investment Centre’ under the auspices of the Rwanda Development Board, under which incidentally also ‘Tourism and Conservation’ falls since the former ORTPN was merged into one comprehensive national development body, has also helped in putting Rwanda on the map as will undoubtedly plans to merge all tertiary educational institutions under one single University of Rwanda, of which they will become constituent colleges, driving manpower development and skills transfer to a new level unprecedented in the entire region.

Congratulations for this achievement to my Rwandan friends, who only recently were crowned ‘most in demand tourism destination’ in East Africa, Well done indeed!

 

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