Provisional statistics from Rwanda Development Board (RDB) indicate that investment registration has reached US $ 598 million surpassing US $ 550m target.
According to John Gara the Chief Executive Officer (CEO), the target was attained due to proper packaging of Rwanda’s investment opportunities to potential investors.
“We are happy with the figures registered so far, that surpassed our set targets, we initially thought we were quite ambitious setting it,” Gara said.
He added that the target aimed at recovering lost grounds suffered last year with Investments registration of US$398m.
According to available statistics, Agriculture has topped investors’ attraction list with US$116.3m closely followed by ICT with US$109.6m and US$108.8m in tourism.
This is contrary to last year’s investors’ choice list which construction and hospitality sectors that dominated the list.
The Foreign Director Investments into Rwanda, one the key aspects to the transformation of the country’s economy, stands at 62 percent with over US$371 million, compared to less than 50 percent last year.
At least 47 projects have been listed as FDIs, 73 are local investments with 13 projects designated as joint ventures, bringing to 133 the total number of registered investments expected to generate 8,688 jobs into the economy.
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