High expectation for more local investments in Eastern Province through the efforts of the domestic investment campaign by RDB
Today marked the second successful road show under the the investor dialogue campaign by Rwanda Development Board in deepening domestic investments in the country. Over 250 local investors from Eastern Province came together in Gatsibo District to engage with the public sector on the investment potential in Rwanda.
The Chief Operating Officer at Rwanda Development Board Mr. Emmanuel Hategeka during his key note speech commented, “This forum provides a great opportunity to share more about the investment services offered by the Government of Rwanda in promoting a conducive business environment, and it is also a chance to thank local investors for their contribution towards national development even as we explore new opportunities.”
The Chief Operating Officer also highlighted that Rwanda Development Board has registered 2000 businesses from Northern Province in the past three years in all the cross cutting economic sectors, and he encouraged local investors to consider strategic reinvestments in the region.
Ms. Winifed Ngangure the Head of Investment Promotion at Rwanda Development Board during her presentation focussed on the fiscal & non-fiscal incentives by the Government of Rwanda in order to boost the industrial and service sectors. She encourages the private sector to also consider customer care and quality service provision as an important element in generating a higher return of investments in their businesses.
The Investor Dialogue campaign that is expected to run until January through town hall sessions in all the four provinces is in partnership with the Private Sector Federation, District officials and other Government stakeholders.
The Vice Chairman PSF in Eastern Province Mr. Charles Gasana expounded on the investment oppurtunies in the area and emphasised on establishment of universities & professional training facilities, healthcare services , agriculture & tourism sectors amongst several others.
Rwanda is currently the 2nd easiest place to do business in Africa according to the World Bank Report and the campaign continues to encourage local investors to take advantage of the conducive business environment and proper services already in place to accelerate business growth.
The campaign also encourages open dialog between the public and private sector nationwide in a bid to promote sustainable investments in the country by sensitizing business owners about policies & opportunities in Rwanda’s investment sector and strengthening awareness about business registration and aftercare services by RDB.
The Executive Secretary in Eastern Province Mr. Habimana Kizito in addressing local investor queries at the forum said that, “We anticipate that this initiative by RDB will enable our private sector to increase productivity countrywide. Eastern province especially has all it takes to be one of the major investment hubs in the country, therefore as the Government of Rwanda through RDB continues to support the private sector it’s up to our investors to take advantage of this opportunities and invest in businesses that will continue to improve the livelihoods of Rwandans and transform the country into a middle income economy.”
Plans by Rwanda Development Board in partnership with other Government stakeholders are underway for the next visit to Western Province on 7th December for an even more engaging day with the private sector in the region, including field visits to 2-3 companies.