Information Communication Technology (ICT) advancement has dramatically transformed business models across the globe creating a global market open for free participation. ICT increases access to markets, facilitates sharing of information and eases participation.
Rwanda has gone a long way in making the country a hub of business opportunity by embracing ICT to bring in efficiency and reliability in business transactions.
Rwanda’s unique and friendly business environment and diverse investment opportunities have made the country an ideal destination for investors.
Both domestic and international trade are vital for the economic growth of any country. Most countries however have not fully exploited their market potentials due to the use of old timeless protocols and procedures that discourage investment.
Investors are attracted to environments that promise the required business opportunities and quality delivery. Hence a country that wishes to attract and retain such investors needs to examine whether and how the quality of services delivered to them meets what they require and expect.
In Rwanda investor satisfaction promises to be getting even better. The number of days that one needs to get a trading license have been reduced to hours.
The e-commerce system has put in place a virtual market for opportunity seekers. And now Rwanda Revenue Authority (RRA) promises an even bigger package of an easy, and efficient tax system.
The new proposed tax system will enable tax clearance certificates to be issued online making the process faster and more efficient. Prior to this business owners had to make endless queues in RRA offices which was both time wasting and barriers to investors.
By harnessing use of ICT the country will definitely be opening up a new widow of opportunity for local and international investors.
ICT will have dynamic impact on global investments in our country. Allowing participation from any part of the world and expanding trade beyond our country’s borders.