The report, published on Tuesday, shows a significant increase from 612 projects recorded in 2024, with the new investments expected to generate more than 38,000 jobs. Real estate, manufacturing and mining accounted for the largest share of the registered investments, underlining continued investor confidence in Rwanda’s economic outlook.
Foreign private capital performance also remained strong. According to the 2025 Foreign Private Capital survey, Foreign Direct Investment inflows rose to $872.9 million (Rwf 1.27 trillion) in 2024, marking a 21.8 percent increase from $716.5 million (Rwf 1.04 trillion) recorded in 2023.
RDB said the combined performance demonstrates sustained confidence in Rwanda’s policy environment and its ability to support investors beyond promotion through implementation and service delivery.
Tourism remained one of the country’s strongest-performing sectors, with revenues reaching $685 million (Rwf 997.9 billion) in 2025, up from $647 million (Rwf 942.6 billion) in 2024, representing a 6 percent year-on-year increase.
Visitor arrivals also rose by 9 percent to 1.49 million, supported by Rwanda’s flagship gorilla trekking experiences and expanded tourism offerings across the country’s national parks.
The Meetings, Incentives, Conferences and Exhibitions (MICE) segment generated $94.7 million (Rwf 137.9 billion), up from $84.8 million (Rwf 123.5 billion) in 2024, reflecting an 11 percent increase. The growth was driven by 165 international and regional events hosted in Rwanda during the year.
Among the major events were the UCI Road World Championships held in September, the first time the global cycling championship was hosted in Africa, alongside Move Afrika Kigali featuring John Legend, the Mobile World Congress, and Season 5 of the Basketball Africa League.
RDB said these events played a major role in boosting visitor arrivals, raising Rwanda’s international profile, and strengthening the country’s MICE ecosystem.
Rwanda’s export sector also remained resilient, with total export receipts reaching $3.6 billion, supported by steady performance in mining, agriculture and horticulture. Services exports increased by 2.7 percent year-on-year, while air cargo volumes rose by 2.4 percent to 6,257 tonnes from 6,113 tonnes in 2024.
The country also continued to leverage global sports partnerships under the Visit Rwanda campaign to strengthen international visibility and attract high-value tourism and investment.
In 2025, Rwanda renewed its partnership with Paris Saint-Germain until 2028 and signed a new three-year deal with Atlético de Madrid running through 2028.
It also expanded long-term sponsorship agreements with the Los Angeles Clippers and the Los Angeles Rams, both extending through 2030.
These partnerships are expected to increase Rwanda’s global exposure, attract more high-value visitors and investors, and support further growth in tourism and the MICE segment.
The report also highlighted Rwanda’s strong performance in global rankings, including the World Bank B-READY Report, where the country achieved Africa’s highest score on regulatory framework performance.
Rwanda also maintained its position as one of Sub-Saharan Africa’s top performers in the World Justice Project Rule of Law Index.
To improve the business environment, RDB said it continued expanding the One Stop Centre and digitising services through a unified platform expected to provide more efficient and transparent access to over 400 services delivered by more than 20 institutions.
A real-time performance monitoring system was also introduced to improve service delivery in areas such as business registration and investment facilitation.
Additionally, Rwanda established the National Lottery and Gambling Commission under RDB’s mandate to regulate the gambling sector and strengthen governance, compliance and oversight.
Commenting on the results, RDB Chief Executive Officer Jean-Guy Afrika said the performance reflects continued progress in supporting Rwanda’s economic fundamentals.
“The 2025 performance reflects continued progress in supporting Rwanda’s economic fundamentals and delivering on our priorities across investment, exports, tourism and service delivery. We remain focused on building a predictable and competitive environment that enables private sector growth and long-term development,” he said.
RDB said it will continue implementing the Second National Strategy for Transformation (NST2) and its 2025–2030 strategy, with a focus on expanding investment, strengthening exports, promoting high-value tourism and advancing innovation.
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