Why is Rwanda a good fit for doing business?

Rwanda is a small East African country of approximately 12 million people.

The country’s GDP has increased at a steady rate of around 7% in recent years, making it one of Africa’s fastest-growing economies.

Rwanda is the 29th easiest place in the world to do business, according to the 2019 World Bank Doing Business index, and the only low-income country (LIC) in the top 30. 

According to an RDB press release, Rwanda registered 173 investment projects totaling US$2.006 billion  in 2021, exceeding the year’s target of US$2 billion.

Agriculture, tourism, information and communication technology (ICT) are the leading investment sectors in Rwanda with the agricultural sector being the country’s largest employer and a major contributor to GDP. 

Agriculture is followed by the service and construction industries, which employ 16.6 and 10.3 percent of the total workforce, respectively.

Tourism is another significant economic contributor that has grown rapidly in recent years. 

By improving the country’s infrastructure, the government is actively working to improve the business environment and promote economic growth.

Furthermore, the country’s strategic location, low crime rate, and welcoming business environment make it an appealing destination for foreign investors.

Rwanda, in general, is a country with numerous business opportunities.