A delegation of French investors will visit Rwanda early this month to assess business and investment opportunities, Chantal Umuraza, the chamber of industries executive director general, has said.
“It’s important that we continue encouraging policies that will attract more foreign investments into the country. This will benefit the business community and unemployed youth when the firms set up shop here,” Umuraza said.
She said the companies are interested in agro-processing, architecture, fabrication, IT and aviation sectors.
Eusebe Muhikira, the head of trade and manufacturing department at the Rwanda Development Board, noted that Rwanda continues to attract foreign investments because of the business reform agenda started in 2009.
Rwanda is the third-best place to do business in Africa and ranks 52nd out 185 countries globally, according to the recent World Bank report.
During the last quarter, the Rwanda Development Board (RDB) registered investments worth $1.2b (about Rwf800b), of these, 22 were foreign investments worth $406.9m and nine were joint ventures worth $338.1m.
Vivian Kayitesi, the RDB head of investment promotion and implementation, told the media recently that Rwanda was these days attracting foreign direct investments with ‘bigger value’.