At the Annual Investment Meeting (AIM) conference in Dubai, United Arab Emirates, investment promotion agencies from nine regions across the world were awarded on Monday basing on feedback from a major investor already operating in the country and RDB emerged the second best in East African region after Ethiopia.
“In the case of Rwanda, the major investor that nominated Rwanda was AIF. This award is further evidence of Rwanda’s pro-business focus,” said RDB’s Chief Operations Officer, Emmanuel Hategeka, upon receiving the award.
Expressing the company’s pride in the award on Thursday, Amar Ali, the Chief Executive Officer of Africa Improved Foods, appreciated Rwanda’s support to AIF for delivering its mission and encouraged other investors to take their businesses to Rwanda.
“We, at Africa Improved Foods, are very proud to have helped Rwanda win this award. To build and operate a world class facility like we have in such a short period of time would not have been possible without the strong support of the Rwanda Government and in particular the Rwanda Development Board. They have helped us deliver our mission of helping people maximize their potential through improved nutrition with affordable, high quality locally sourced foods,” reads Ali’s statement to IGIHE.
AIF recently emerged Winner of the Best Investor of the Year 2017 Award at the RDB’s 5th edition Business Excellence awards.
“Rwanda is becoming a key player in the African investment landscape, and we encourage other investors to come to Rwanda and see what can be achieved here,” added Ali.
From a market point of view, Rwanda’s strategic location offers the opportunity of a commercial centre to the neighboring countries. Its economy is growing fast in terms of industrialization, foreign investor participation and commercial engagement thus currently ranked second in Africa in the latest World Bank Doing Business report and 41st globally.
Over the last 15 years, Rwanda has implemented 52 pro-business reforms, the highest number of business reforms in sub- Saharan Africa.
AIM is the world’s leading gathering of the international investment community, leading academics and experts showcasing up-to-date information, strategies and knowledge on attracting Foreign Direct Investment (FDI).
Widely known for its “Nootri” and “Shisha Kibondo” flour brand, Africa Improved Foods is a joint venture between the Government of Rwanda and a consortium of Royal DSM, FMO, CDC and IFC. The objective of AIF is to improve the nutritional status of the population in Rwanda and Africa as a whole by manufacturing fortified nutritious foods for vulnerable groups and consumers across East Africa.
{{Also read: [Rwanda awarded for attracting transformational Foreign Direct Investments ->http://en.igihe.com/news/rwanda-awarded-for-attracting-transformational.html]
[Best Investor of the Year AIF shares award worthy deeds, plans for 2018
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