Rwanda: The next business hub of Africa
Rwanda is keen on attracting more global investors into the country this year even as the nation hosted her debut UK Rwanda Business Forum. CNBC Africa had an exclusive interview with newly appointed CEO of the Rwanda Development Board, Francis Gatare on the country’s investment prospects.
Wed, 31 Jan 2024 15:09:38 GMT
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AI Generated Summary
- Successful hosting of the UK Rwanda Business Forum with a large turnout of global business leaders and promising outcomes in various sectors like green finance, agriculture, critical minerals, technology, and innovation.
- Increased interest from international companies in establishing local businesses in Rwanda, signing Memorandum of Understanding agreements, and exploring opportunities for growth and expansion across the continent.
- Rwanda's strategic positioning as an entry point for investors into Africa, leveraging the African Continental Free Trade Agreement for trade expansion and focusing on sectors like manufacturing, logistics, and food processing for future investments.
Rwanda is making significant strides in attracting global investors as the nation recently hosted the inaugural UK Rwanda Business Forum, aiming to showcase the country's investment prospects. In an exclusive interview with CNBC Africa, the newly appointed CEO of the Rwanda Development Board, Francis Gatare, shared insights into the outcomes and future investment prospects arising from the forum. The event saw a large turnout of over 130 business leaders from the UK and more than 1,600 registered attendees, illustrating the growing interest in Rwanda as a business destination. While immediate deals were modest, several companies signed Memorandum of Understanding agreements and expressed interest in establishing local businesses in Rwanda across various sectors. The forum highlighted Rwanda's potential in green finance, agriculture, critical minerals, technology, and innovation, positioning the country as a strategic hub for business growth. With a projected economic growth of 6.6% in 2024, Rwanda is poised to attract more investors in sectors such as manufacturing, logistics, and food processing, leveraging the African Continental Free Trade Agreement for trade expansion.
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