The survey identifies investor perceptions of Rwanda as an investment destination with a focus on export oriented companies in eight economic sectors: Tea, Horticulture, Agro-processing, Minerals, Manufacturing, Tourism, ICT and Healthcare. <\/p>\n
The report makes specific recommendations for the Rwanda Development Board, as well as a recommendation on an analytical framework and methodology that can be replicated and implemented by RDB in future.<\/p>\n
The report points to the country\u2019s stability and regulatory environment as key factors influencing the high confidence investors have expressed in establishing operations in Rwanda. When considering locations for foreign direct investment in Africa, Rwanda was ranked 8th by international investors.<\/p>\n
A significant percentage of international investors expressed positive sentiment, stating that Rwanda presents an attractive market opportunity with good security. More than 92% of existing investors have plans to invest further in Rwanda, with 45% of them interested in expanding via a joint venture and 42% via a strategic partnership.<\/p>\n
However, the report also draws attention to areas for potential improvements for Rwanda as an investment destination. These include, the perception of Rwanda as having a small consumer market and high costs of transport, finance, and electricity particularly for those in manufacturing. <\/p>\n
The report indicates that 79% of investors cited the quality of labor as a further limitation for their operations.<\/p>\n
Commenting on the survey Clare Akamanzi, the Chief Executive Officer of Rwanda Development Board said the report recommends to government on areas to invest more resources.<\/p>\n
\u201cRwanda welcomes the Investor Perception Survey because it not only helps highlight what makes our country an attractive destination for investment, it also provides an important tool for the Government of Rwanda about where we should invest additional resources in order to attract further Foreign Direct Investments,\u201d she said.<\/p>\n
Ignace Bacyaha, International Finance Corporation (IFC) Resident Representative in Rwanda said that Rwanda\u2019s efforts in investment has transformed the country. <\/p>\n
\u201cThe World Bank Group commends Rwanda for its efforts to continue improving its investment climate, which has made Rwanda one of the leading reformers on the African continent,\u201d he said.<\/p>\n
The international survey built a database of over 600 international company in the target sectors based on a range of sources that confirms company profiles as potential investors. 42% of companies were happy to be contacted by RDB to discuss Foreign Direct Investments (FDI) opportunities in Rwanda.<\/p>\n
Existing investors have good perceptions on the RDB\u2019s performance. On a 10-point scale, 33% rate RDB\u2019s performance at 9 or 10 (Very Good). 36% of respondents suggested that RDB focus more on aftercare services and 17% suggested that the RDB improve coordination with other government institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank Group and the Rwanda Development Board (RDB) yesterday released the Investor Perceptions Survey which highlights opportunities in the Rwandan market drawing from the contributions of existing and potential investors.<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[170],"hashtag":[],"class_list":["post-37730","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=37730"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37730\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=37730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=37730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=37730"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=37730"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=37730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}