{"id":51452,"date":"2024-09-18T11:41:55","date_gmt":"2024-09-18T11:41:55","guid":{"rendered":"https:\/\/new.igihe.com\/over-269-000-businesses-established-in-rwanda-over-the-past-decade\/"},"modified":"2024-09-20T13:13:27","modified_gmt":"2024-09-20T13:13:27","slug":"over-269-000-businesses-established-in-rwanda-over-the-past-decade","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/over-269-000-businesses-established-in-rwanda-over-the-past-decade\/","title":{"rendered":"Over 269,000 businesses established in Rwanda over the past decade"},"content":{"rendered":"<p>This remarkable growth reflects Rwanda&#8217;s position as one of Africa&#8217;s top countries for ease of doing business, where new businesses can be registered in just one day. <\/p>\n<p>According to the NISR\u2019s 2023 Establishment Census, the number of businesses in Rwanda almost doubled from 154,236 in 2014 to 269,326 by 2023. <\/p>\n<p>Of these, the vast majority (95.9%) are privately owned while 92.0% are owned by individuals. Additionally, 2,017 businesses were founded by local NGOs, 656 by international NGOs, 2,496 by cooperatives, and 2,047 through public-private partnerships. <\/p>\n<p>During the same period, 3,830 state-owned enterprises involved in commercial activities were also registered.<\/p>\n<p>The report confirms that all listed businesses are currently active and tax-compliant as of the data collection period. Since 2020, the number of businesses has grown by 15%, with the total increasing from 226,359 to 261,549 by 2023.<\/p>\n<p>A significant number of businesses (92.2%) are classified as micro-enterprises, employing less than four workers. <\/p>\n<p>Small enterprises, which employ between four and 30 people, make up 6.4% (16,730 businesses), while medium-sized enterprises employing 31 to 100 people total 3,103 (1.2%). Large businesses, with more than 100 employees, account for just 0.2% (537 businesses).<\/p>\n<p>In terms of ownership, 93.7% of businesses are fully owned by Rwandans, while 1% are joint ventures between Rwandans and foreigners. The ownership of the remaining 5.2% is unidentified.<\/p>\n<p>NISR\u2019s analysis shows that businesses have continued to flourish, with 145,402 establishments founded between 2021 and 2023 still in operation. The business sector has been a key driver of employment, creating approximately 927,739 jobs, with women representing 43.6% of the workforce.<\/p>\n<p>Four main economic activities account for 66.3% of total employment: wholesale and retail trade, repair of motor vehicles and motorcycles (26.2%), education (17.4%), accommodation and food services (12.9%), and manufacturing (9.8%). <\/p>\n<p>Industries such as mining and quarrying (75.3% male workforce) and construction (85.6% male workforce) remain male-dominated sectors.<\/p>\n<p>In 2023 alone, over $2.4 billion was invested in businesses, with most of the investments coming from Rwandan nationals, although there has been increasing interest from foreign investors. <\/p>\n<figure class=\"spip-document spip-document-75034\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/photos29-a9728-90227.jpg\" alt=\"Almost all establishments (95.9 percent) are private and 92.0 percent are owned by one person.\" \/><\/figure>\n<figure class=\"spip-document spip-document-75033\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/abakozi_ba_kazi_ni_kazi_bari_mukazi_-bc9ba-d91ee.jpg\" alt=\"A large number of businesses are classified as micro-enterprises, employing less than four workers. \" \/><\/figure>\n<figure class=\"spip-document spip-document-75035\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/spe.jpg\" alt=\"Bird&#039;s eye view of Kigali Special Economic Zone. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The National Institute of Statistics of Rwanda (NISR) reports that more than 269,000 businesses have been established in the country over the past decade, with 95.9% being private enterprises.<\/p>\n","protected":false},"author":62,"featured_media":2000075031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[160],"hashtag":[],"class_list":["post-51452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","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":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","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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