Investment Opportunities

Manufacturing

  • The manufacturing sector in Rwanda is still small but steadily growing at an annual rate of 7%.
  • Rwanda targets to increase industrial contribution to GDP to 26% by 2020.
  • several policies and strategies such as the National Industrial Policy and the National Export strategy have been developed to accelerate industrial and export growth
  • The country has also put in place a National Industrial Policy which aims at diversifying the economy by increasing the share of industry to the country’s GDP, increase exports to 1.5 billion UsD by 2020 and increase the number of off-farm jobs.
  • Market access: Rwanda’s strategic location has boosted cross border trade and increased trade volumes with her neighbor’s especially East-Central Africa with an estimated population of 268 million Key products exported include; beverages, dairy products, processed food and construction materials.
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Agro-Processing

The sector employs 80% of the population and contributes 33% of GDP growth;

  • Agriculture is the backbone and key component of Rwanda’s fast growing economy
  • In recent years, the sector has gained significant growth from 4.5% to 6% per annum and is gradually shifting from subsistence to a market-oriented model.
  • The Government has allocated 13% of the National budget to boost productivity and ensure food security.
  • Increasing trends have been recorded in recent years in production of food crops and clash crops, attributed to the crop intensification program launched in 2007
  • The crop intensification program aims to increase agricultural productivity in high potential food crops namely maize, potatoes, wheat, beans, peas, cassava and soya.
  • The program has enormous potential to increase investment opportunities, especially in improved seeds, fertilizer, pesticides, crop processing, and farm equipment.

Tourism

  • Tourism is the largest source of foreign exchange earnings in Rwanda and it is projected to grow at a rate of 25% every year from 2013-18.
  • The sector is the biggest contributor to the national export strategy
  • Total revenues generated from the sector in 2014 alone was UsD305 Million
  • The sector has also attracted Foreign Direct Invest- ments with major international hotel brands setting shop in the country, including the Marriot, Raddison blue, Park Inn by Raddison, sheraton, Protea, Golden Tulip and Zinc.
  • Rwanda is carving out its niche as a regional and in- ternational conferences hub, with its new world – class conventional center, owing to:
  • Ever improving conference facilities
  • straight forward immigration procedures (online visa applications, visa-at-gate policy for all Afri- cans, one tourist visa policy for EAC)
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Real estate and construction

  • Real estate sector is a key sector and a potential driver of future economic growth.
  • The sector contributes more than 7% to the national GDP; in 2013/2014, the sector grew by 9.4%, because of sustained expansion in private constructions and public works.
  • Investment in the sector has grown from Us$ 100 million to Us$ 480million in the last 13 year, driven by population growth, an emerging and growing mid- dle class, increased Diaspora investment in Rwandan property markets and the government investment in infrastructure expansion and modernization of urban and rural infrastructure
  • The demand for real estate, especially affordable housing, is on the rise. This is due to the increased population growth and an emerging and growing middle class. In Kigali alone, the demand for affordable housing is estimated at 186,163 Dwelling units (an average of 16,923 Units per year) by 2013-2020.

ICT

The government has invested in developing ICT infrastructure to enhance service delivery:

  • 4500Km+ of Fiber optic broadband cabling has been laid throughout the country connecting all 30 districts and with 9 regional links to neighboring countries;
  • 10 GbPs of broadband capacity
  • Connected the country 4GLTE network
  • Increased mobile penetration to 76.2% with over 8.5 million subscribers.
  • 33% of internet penetration across the country.

The National Information Communication Policy, NICI, em- bodies Rwanda’s ICT strategies towards achieving Vision
2020 – Rwanda’s economic blueprint to achieving a knowl- edge-based economy and become a middle-income country by 2020.

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Mining

  • Rwanda’ s main mineral exports are ores processed to extract tin, tantalum and tungsten, and some gold and gemstones. The sector presents enormous opportunities especially in ores, processing and diversification
  • The sector is the second largest export in the Rwandan economy. In 2015, the sector generated $149 million of foreign exchange with a target of increasing mineral exports to $400 million by 2017/18.
  • The target is to increase the sector’s contribution to GDP from 1.2% to 5.7% and increase the jobs created in the sector from the current 37,000 to 60,000 employees
  • All mineral exports from Rwanda are traceable through the tagging system currently accepted by the downstream buyers of the minerals.
  • Exploration works to identify and delineate more mineral deposits are underway.

Infrastructure

Rwanda understands the importance of infrastructure in the development of a competitive private sector. To this end the government continues to invest heavily in infrastructure. Almost a tenth of Rwanda’s annual budget is committed to transport and other infrastructure. To develop a vibrant private sector, Rwanda is investing in Roads, Rail and water transport infrastructure with the intent of dramatically reducing the cost of transport to businesses and individuals

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Energy

  • Rwanda’s energy sector is heavily dominated by biomass (wood energy), which accounts for 85%.
  • The total current installed power generation capacity is estimated to be 186 MW; with electricity connectivity rate of 24.5% (23% on-grid and 1.5% off-grid).
  • The country plans to increase its power generation capacity to 563 MW and achieve 70% access to electricity by 2017/2018. biomass is expected to drop from 85% currently to 50% by 2020.
  • Rwanda has adopted diversification of energy sources, with increased focus on domestic sources of energy and phasing out heavy/fossil-fuel electricity generation (keeping the minimum for backup purpose).

Education

  • The Government of Rwanda aims to transform the country into a middle income country by 2020.
  • Achieving Rwanda’s social and economic develop- ment objectives is largely dependent upon its most valuable resource – it’s people.
  • To achieve these goals, the Rwandan people must be provided opportunities to develop knowledge, skills and attitudes to compete in the labour marketand contribute to the social and political life of their country.
  • Vision 2020 sets out a number of key indicators and targets, Education-specific targets for 2020 include an adult literacy rate of 100%, a primary Gross Enrol- ment Rate (GER) of 100%, and secondary GER of 98%.
  • Country targets: New indicators include a pupil-qual- ified teacher ratio of 40:1 at primary level and 30:1 at secondary level by 2020.
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Health services

  • Rwanda is internationally recognized for its success in offering universal access to healthcare.
  • With over 80% of Rwandans insured by the mutuelle de santé, Rwanda has ensured that her citizens have access to basic health care.
  • Rwanda has also successfully reduced the infant mortality rate by over 60%.
  • The country currently operates a well-functioning, decentralized healthcare public service system comprising 1700 health posts, 500 health centers, 42 district hospitals and 5 national referral hospitals.