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KIAC is delighted to share its Annual Report July 2020- June 2021, follow this link to read more.
o Robust Governance
• Rwanda is a resilient, forward-looking globally competitive country with a vision of becoming an upper middle income by 2035 and high-income by 2050. In the last 27 years, Rwanda has redefined itself as the preferred investment and tourism destination of the world.
• Under H.E President Paul Kagame’s leadership, Rwanda has become a reference point for good governance in the region, political stability with well-functioning institutions, observance of the rule of law and zero tolerance for corruption with a clear vision for growth through private investment.
o Investor friendly climate
Rwanda prides itself in being among the easiest, safest and cleanest places to do business and travel to in the world.
• 2nd in Africa for Ease of Doing Business and Global Competitiveness (World Bank 2020)
• 2nd fastest growing economy in Africa at an annual GDP average rate of 8% since 2007
• 4th in Africa and 1st least corrupt country in East Africa (Corruption Perception Index, TIR)
• Lowest debt ratio in the region with a stable credit ratings and currency depreciation
• 5th safest country to walk at night worldwide
• 2nd MICE ranking in Africa
• 1st in the EAC for network readiness, 5th in Africa
• 95% 4G LTE network coverage; 7,000km fiber
• Among top 3 African countries in terms of internet connectivity (Ookla)
o Access to markets
• A hub for rapidly integrating East Africa: located centrally bordering 3 countries in East Africa which has an existing Customs Union and a Common Market in 2010 for 550 million people in total. Simple taxation, development of industrial parks and free trade zone, and creation of stock exchange
• Rwanda is one of the best luxury eco-tourism and conference destinations in the world. It is honored to be among the latest top tourist destinations to receive the world’s first-ever global safety and hygiene stamp, launched recently by the World Travel & Tourism Council (WTTC).
• All major attractions are located within 1-5 hour drive from the capital, Kigali. In a short vacation, one can trek the extinct Mountain gorillas in the volcanoes national park, experience the canopy walk and track chimpanzees in dense rain forests of Nyungwe national park, enjoy savannah drives in Akagera park, relax by the lakes as well as visit the historical sites in the beautiful city of Kigali.
o Untapped Opportunities
Opportunities for investment abound, particularly in Infrastructure (Opportunities in rail, air transportation to further develop Rwanda as an EAC hub); Energy (Power generation, off grid generation and methane gas opportunities); Tourism (growth potential in business/conference tourism); Real estate and construction, Financial services and Mining