Top US Treasury official hails Rwanda on investment

KIGALI - The Deputy Treasury Secretary in the United States government, Neal Wolin, has praised Rwanda as a country with a conducive investment climate and promised to enhance cooperation in the business sectors of both countries. Wolin, who is on a nine-day trip to Africa, was speaking yesterday shortly after meeting Finance Minister, James Musoni at his office. “I’m very impressed by improvements Rwanda had made in its business climate,” he said in an interview with The New Times. The US official said that investors from his country have already taken note of Rwanda’s good business climate and are keen on investing in the country.
US Deputy Secretary of the Treasury Neal Wolin (L) and Finance Minister, James Musoni talking to the Press.(Photo J Mbanda).
US Deputy Secretary of the Treasury Neal Wolin (L) and Finance Minister, James Musoni talking to the Press.(Photo J Mbanda).

KIGALI - The Deputy Treasury Secretary in the United States government, Neal Wolin, has praised Rwanda as a country with a conducive investment climate and promised to enhance cooperation in the business sectors of both countries.

Wolin, who is on a nine-day trip to Africa, was speaking yesterday shortly after meeting Finance Minister, James Musoni at his office.

“I’m very impressed by improvements Rwanda had made in its business climate,” he said in an interview with The New Times.

The US official said that investors from his country have already taken note of Rwanda’s good business climate and are keen on investing in the country.

“I expect many others to look at Rwanda as a potential country for investment,” he said. 

The meeting particularly discussed ways of how Rwanda and the U.S can continue to partner on food security, agricultural development and financing for key infrastructure projects.

On his part, Musoni said that the meeting had also agreed on how there can be increased partnership in projects like infrastructure and in agriculture development.

“We are looking at projects like railway lines, building an airport and increasing capacity for the private sector. We also discussed how increased improvements in food security in the country can be registered,” the minister said.

Today, Wolin is expected to visit the methane power project in the Western Province.

Based on the success of an innovative pilot power plant fuelled by methane gas from Lake Kivu, Contour Global, a US power developer, is constructing a $325million 100MW power plant at the Lake that will greatly help in addressing Rwanda’s power needs.

On his trip, Wolin will highlight U.S-Africa partnerships, including President Barrack Obama’s commitment to advance food security and sustainable agricultural - led growth through country-owned strategies. 

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