Trade & Industry Minister Prudence Sebahizi on increasing Rwanda’s economic attractiveness

Rwanda is stepping up its efforts to attract investors by showcasing emerging towns outside the capital, Kigali. The Eastern province of Nyagatare is becoming a focal point for business opportunities, particularly in the agribusiness sector. Recently, investors, government officials, and representatives of financial institutions gathered in Nyagatare to explore the potential for investment that could create jobs and improve living standards for residents. CNBC Africa's Flora Limukii had a conversation with Trade & Industry Minister Prudence Sebahizi to delve deeper into Rwanda's economic strategy. Nyagatare, located in the eastern part of Rwanda, is strategically positioned as the most connected district in the country. With borders shared with the United Republic of Tanzania and Uganda, Nyagatare serves as a key link for trade and commerce between these nations. The district boasts an extensive road network that facilitates access to various provinces and regions, including the capital city of Kigali. Minister Sebahizi emphasized that Nyagatare's infrastructure and connectivity make it a prime location for business activities. The district is renowned for its agricultural potential, offering favorable conditions for both livestock farming and crop cultivation. Additionally, Nyagatare hosts agro-processing industries like a milk powder plant, which has the capacity to process the country's entire milk production. This establishes Nyagatare as an attractive destination for investors seeking opportunities in the agriculture and manufacturing sectors. Minister Sebahizi highlighted the government's initiatives to support and streamline the investment process in Nyagatare. The establishment of industrial parks, zoning plans, and one-stop centers for business registration aim to simplify the investment process and provide necessary support to investors. Rwanda Development Board's one-stop center offers comprehensive services for business registration, eliminating the need for investors to navigate multiple institutions. Incentives such as tax holidays, preferential tariffs on electricity, and other benefits are available to investors to encourage investment and business growth in Nyagatare. Minister Sebahizi emphasized the government's commitment to facilitating market access for investors. By leveraging Rwanda's participation in multiple free trade areas, the country has expanded its market reach from 13 million people domestically to over 1.4 billion people in the African market and beyond. Rwanda's strategic location, coupled with supportive government policies and infrastructure development, positions Nyagatare as a promising hub for investment and business growth. As Rwanda continues to diversify its investment options and promote economic attractiveness, Nyagatare's agribusiness potential and connectivity are set to drive sustainable development and prosperity for the region.