The report shows that the financial sector attracted $299.1 million in 2024, a 27.2% increase. Industry received $267.1 million, construction $150.5 million, while agriculture, education and health together drew $107.7 million in foreign investment.
By country of origin, investors from Mauritius led with $251.1 million, followed by Kenya with $140.3 million, China with $108.6 million, the United States with $103.9 million, and Germany with $65.3 million.
Viewed by regional blocs, the Common Market for Eastern and Southern Africa (COMESA) accounted for $418.6 million in investment inflows, followed by the Organisation for Economic Co-operation and Development (OECD) with $340.6 million, the Southern African Development Community (SADC) with $293.4 million, Asia with $228.2 million, and the East African Community with $159.1 million.
Foreign loans to Rwandan businesses rose to $543.6 million, a 28.5% increase from $423 million the previous year. The report attributes the rise mainly to borrowing from affiliated companies abroad, which accounted for 60.8% of external loans, while 39.2% came from non-affiliated foreign entities.
More than 380 companies participated in the survey. Their combined turnover reached $3.9 billion in 2024, up from $3.6 billion in 2023.
Profitability and employment
The report indicates that in 2024, private companies with foreign ownership exceeding 10% recorded profits of $179.5 million, up 36.4% from $176.5 million in 2023. Reinvested earnings rose by 34.6% to $125.4 million, while dividends distributed to shareholders increased by 15.2% to $38.3 million.
Foreign investment generated 69,341 jobs in 2024, with 97.6% of positions held by Rwandans. In 2023, foreign investment-related employment stood at 59,916 jobs.
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