Norwegians explore investment opportunities

Several Norwegian investors and experts, currently in the country for the first time to attend a one-day seminar organised by the Rwanda Development Board (RDB), have described Rwanda’s investment climate as “excellent for doing business” compared to other African countries.
RDB CEO,  John Gara (L) chats with Morten Svelle from the Norwegian Embassy (C) and the Norfund Investment Director for Eastern Africa, Per Emil Lidoe, yesterday. The New Times / J.Mbanda
RDB CEO, John Gara (L) chats with Morten Svelle from the Norwegian Embassy (C) and the Norfund Investment Director for Eastern Africa, Per Emil Lidoe, yesterday. The New Times / J.Mbanda

Several Norwegian investors and experts, currently in the country for the first time to attend a one-day seminar organised by the Rwanda Development Board (RDB), have described Rwanda’s investment climate as “excellent for doing business” compared to other African countries.

Under the theme ‘Develop and Expand your Business - Networking and Financing Possibilities’, the seminar aimed at displaying the various business opportunities in the country. The meeting was organised by RDB in collaboration with the Norfund (Norwegian Investment Fund for Developing Countries) and the Royal Norwegian Embassy.

Also in attendance were members of the local private sector.

Bjorn H. Eriksen, the Director of Norwegian Agency for Development Cooperation, said in an interview that Rwanda is the best country to invest in, highlighting various sectors such as energy, agro-business, communication and environmental sector.

“There so many business opportunities in this country and its quite good that they have simplified the ways of investing here,” he said.

The Head of Investment Promotion and Information at RDB, Vivian Kayitesi, made a presentation on various untapped investment opportunities, including ICT, agro-processing, infrastructure, tourism, energy, mining, real estate and construction.

Speaking to reporters, Thorbjoen Gaustads Aether, the Norwegian Ambassador, observed that the country’s investment climate was conducive, adding that they hoped to explore the business opportunities in Rwanda.


RDB’s Chief Executive Officer, John Gara, said it was essential to provide adequate information to investors because it helps them understand the specific areas of interest to invest.

He added that the seminar was partly organised to facilitate the local private sector to interact with their Norwegian counterparts and share ideas on how to spur business. He advised them to access funds from the Norwegian Investment Fund for Developing Countries.

eric.kabeera@newtimes.co.rw 

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