Rwanda news update – US Senate unanimously ratifies BIT with Rwanda

The US Senate has during the week in a unanimous vote ratified and sanctioned the bilateral investment treaty signed between Rwanda and the United States. This move further underscores the progress made in economic development by The New Rwanda since the 1994 genocide which has left the country in ashes, only to rise like the proverbial Phoenix to become one of Africas role models for transparent and accountable government.
Promoting investments, trade and tourism in a holistic manner under the Rwanda Development Board, Rwanda has managed to capture the attention of many investors from around the world and spurring additional interest in the countrys tourism attractions, boosting visitors numbers and foreign exchange earnings in the process while opening markets for Rwandan produce abroad such as coffee and tea.
Only last week was it reported here that OECD has ranked Rwanda at the top of their performer scale for the best use of development support and bilateral aid, showing the world that it can be done in Africa as long as good governance rules.
Trade volumes between the United States and Rwanda are bound to sharply increase this year with the purchase of two B737-800 by national airline RwandAir, which has reportedly also committed to the purchase of two B787 Dreamliners in 2015. In turn, Rwanda exports quality coffee to the United States where the establishment of a branch of the Bourbon Coffee Shop has greatly aided the exposure for tourism and trade opportunities amongst the US business community. The Land of a Thousand Hills undoubtedly going places.