Group of 44 investors jet in from Germany

KIGALI - A team of 44 investors from Germany arrived in Rwanda last night on a study tour of the country’s growing investment opportunities. Rwandan Ambassador to Germany, Christine Nkulikiyinka told The Sunday Times that the team will be in the country to explore investment opportunities and meet with top government officials. “The team will be led by Christian Angermayer and has on it investors from Austria and Switzerland but coordinated in Germany,” said Nkulikiyinka “Other members of the team include senior journalists from Germany. The team is expected to hold several investment talks with government officials including President Paul Kagame.” The investors will also meet with top officials of international financial institutions like the World Bank to get a clear understanding of the Rwandan investment climate. The head of the delegation, Angermayer, is also a member of President Kgame’s Presidential Advisory Council (PAC). He has attracted a number of German investors to Rwanda. Recently, he created the African Development Corporation (ADC), a German company that plans to invest some euro200million in Rwanda’s financial sector. ADC is a subsidiary of Altira Group (AG), one of the leading independent asset management companies in Germany. German investors have made frequent visits to Rwanda in the recent years to identify investment opportunities available and have since expressed interest in areas of ICT, tourism, infrastructure and banking. Ends