At the centre of the agreements is a comprehensive Memorandum of Understanding with Elsewedy Electric, under which the Egyptian conglomerate will establish a manufacturing facility in Rwanda producing smart water and electricity meters, electric vehicle (EV) chargers, and power transformers.<\/p>\n\n\n\n
The partnership also includes the development of a technical university or college to strengthen skills in energy and industrial systems, as well as participation in the development and management of Phases I and II of the Kigali Special Economic Zone. A new logistics hub is also planned, positioning Rwanda as a regional industrial and trade gateway.<\/p>\n\n\n\n
Sunrise Resorts deal targets high-end tourism growth<\/strong><\/p>\n\n\n\n In the tourism sector, Rwanda signed a Memorandum of Understanding with Sunrise Resorts & Cruises to develop a new luxury hospitality resort.<\/p>\n\n\n\n The agreement includes two Heads of Terms focused on sustainability infrastructure, including a solar photovoltaic power plant with battery storage and a dedicated water treatment facility to support the resort\u2019s operations.<\/p>\n\n\n\n Though the total value of the projects has not yet been disclosed, they are expected to reinforce Rwanda\u2019s positioning in high-value tourism and the MICE sector, which continues to anchor the country\u2019s services-led growth strategy.<\/p>\n\n\n\n The event also saw a strategic shift for Amicable Guest Houses Ltd (AGL), a subsidiary of the Rwanda Social Security Board (RSSB). A Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) were signed between RSSB and Cleo Capital Group Ltd, alongside a management agreement with The Lux Collective. This move is expected to bring world-class management standards to Rwanda’s hotel assets.<\/p>\n\n\n\n Expanding regional and advisory partnerships<\/strong><\/p>\n\n\n\n Rwanda also signed a Memorandum of Understanding with Benin\u2019s investment promotion agency, APIEX Benin, to strengthen bilateral investment cooperation and trade facilitation.<\/p>\n\n\n\n In addition, a non-binding strategic collaboration framework was signed with Busara Advisors, led by Amb. Reuben E. Brigety II, to provide advisory support on investment promotion and strategic development initiatives.<\/p>\n\n\n\n Speaking at the same session, RDB Chief Executive Officer Jean-Guy Afrika said the agreements reflect Rwanda\u2019s broader strategy of building a predictable and execution-focused investment environment.<\/p>\n\n\n\n \u201cGovernance is infrastructure. Predictability, speed, and trust in institutions determine whether projects move from intention to implementation,\u201d he said.<\/p>\n\n\n\n Afrika noted that Rwanda\u2019s development approach has been shaped by structural constraints that have been converted into strategic advantages.<\/p>\n\n\n\n \u201cBecause we are landlocked, we focused on connectivity, logistics, aviation and services where reliability and speed matter,\u201d he said, adding that Rwanda is positioned as \u201ca platform for regional growth, not only a domestic market.\u201d<\/p>\n\n\n\n He stressed that Rwanda is prioritising partnerships that go beyond capital inflows. \u201cWe are not only looking for capital. We are looking for partners who bring technology, operating experience, market access and long-term commitment.\u201d<\/p>\n\n\n\n Afrika also highlighted Rwanda\u2019s recent investment performance, citing $1.1 billion in foreign private capital inflows in 2024, representing a 23.9 percent year-on-year increase.<\/p>\n\n\n\n For 2025, he said Rwanda recorded $2.62 billion in investment commitments across priority sectors, including real estate, manufacturing, agro-processing, mining, and other strategic areas aligned with national development priorities.<\/p>\n\n\n\n He framed these figures as evidence of sustained investor confidence in Rwanda\u2019s reform agenda and institutional stability.<\/p>\n\n\n\n Afrika said Rwanda\u2019s investment model is designed to reduce friction and accelerate implementation through coordinated institutions such as the One Stop Centre.<\/p>\n\n\n\n \u201cInvestors are looking for places where projects can move, institutions can coordinate, and capital can become productive growth,\u201d he said.<\/p>\n\n\n\n The agreements are expected to advance Rwanda\u2019s long-term development agenda under Vision 2050 and the Second National Strategy for Transformation (NST2), which prioritise industrialisation, export growth, skills development and private-sector-led expansion.<\/p>\n\n\n\n The Rwanda Development Board (RDB) and the Rwanda Social Security Board (RSSB) have signed a series of strategic agreements with international partners, including Egypt\u2019s Elsewedy Electric and Sunrise Resorts & Cruises, in a move aimed at accelerating industrial development, strengthening energy infrastructure and expanding Rwanda\u2019s premium tourism offering.<\/p>\n","protected":false},"author":131,"featured_media":2000111981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[151,69],"byline":[192],"hashtag":[],"class_list":["post-2000111980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-homehighlights","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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