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Rwanda gets Mauritius FDI

Foreign Direct Investments (FDI) to Rwanda have increased by 78.1 per cent in 2014 from 2013. Mauritius investments in Rwanda are leading with 113.5 million dollars followed by Switzerland. The United States of America and Luxembourg come on third and fourth positions.

For the last seven years (2009-2014), a total of 338 investment projects fully owned by foreign investors or in joint ventures with local investment have been registered with a pledged investment value of 2,607 million dollars and planning to create 55,141 jobs.

In 338 pledged projects, 211 are operational, 69 are in implementation phase, and 32 have closed, while 36 remain committed to start their activities.

The performance is attributed to several reforms in doing business including a tax holiday of up to seven years, government’s protection of investments, settlement of disputes, transfer of funds and special economic zone facilitations.

The major profitable sectors are finance and insurance specifically in the banking sector, manufacturing and agriculture.

In 2015-2016 Rwanda improved its world ranking in ease of doing business to 46th position in the world, up from 48th the previous year. In Africa, Rwanda retained the third position and number one in the East African Community.

 
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