Supporting SMEs will further boost the economy.

The latest figures by Rwanda Development Board (RDB), on investments realized this year, are impressive and serve as inspiration to aim.  RDB’s 2011 target was USD 550 million, and according to the organization’s management, more than 85 per cent has already been raised. And, by the end of the year, their target will be met, considering the deals to be finalized before the end of the year.

The latest figures by Rwanda Development Board (RDB), on investments realized this year, are impressive and serve as inspiration to aim.

RDB’s 2011 target was USD 550 million, and according to the organization’s management, more than 85 per cent has already been raised. And, by the end of the year, their target will be met, considering the deals to be finalized before the end of the year.

This is no easy feat, in light of the turbulent global economy.

Multinational companies like Bharti Airtel, Hakan International and Atlantis, have finalized plans to set up shop in Rwanda. 

This is not only a demonstration of the available opportunities, but also shows how the pro-business policies the government has initiated are paying off.

In addition to the multi-nationals, it is important to extend the momentum on supporting the development, survival and viability of Small and Medium Enterprises (SMEs).

These not only offer employment opportunities, but would also help to significantly reduce the imbalance between imports and exports as there are various sectors that need the SMEs

If adequately supported, SMEs will drive the economy, enabling the country to meet the goals set out in the Vision 2020.

Initiatives like the Business Development Services that are now in all districts to ensure sustainability of registered businesses, should be strengthened.

Ends

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