?? Top 100 investment opportunities in Rwanda inside
Pascal Murasira
I Host The Africa Opportunity Show in Europe and Develop Innovation Hubs in Africa | Founding Managing Director of Norrsken Hub in Kigali
Did you know that Rwanda had experienced 8% GDP growth for a decade before the pandemic?
COVID-19 led to a severe decline in economic activity, particularly in tourism and hospitality. To counter the effects of the pandemic, a new program was introduced 'Manufacture and Build to Recover Program (MBRP)' to promote investment in manufacturing, construction, agriculture, and real estate.
Last week, the Invest Rwanda Forum was organized to drive economic growth beyond recovery and announce the extension of MBRP for another two years.
Below are Rwanda's top 100 investment opportunities as presented during the Forum:
What else happened in Kigali?
1. RDB launches an expanded One Stop Centre to cut bureaucracy for investors
RDB is revolutionizing the investment game with the expanded One Stop Center – providing over 100 licenses, permits or certificates from 20 different government institutions for a convenient one-stop experience. From now on, as an entrepreneur, you will be able to navigate bureaucracy like a pro!
Learn more here .
2. Rwanda and AfCFTA sign hosting agreement for the Adjustment Fund
The African Continental Free Trade Area (AfCFTA) has taken a major step towards boosting economic cooperation on the continent following today's signing of the Host Country Agreement between its Secretariat, Afreximbank and Rwanda. The fund will now beheadquarted in Kigali.
The Fund will support African countries and the private sector to effectively participate in the new trading environment established under the AfCFTA.?
The Adjustment Fund consists of a Base Fund, a General Fund and a Credit Fund. The Base Fund will consist of contributions from State Parties, grants and technical assistance funds to address tariff revenue losses as tariffs are progressively eliminated.?
It will also support countries to implement various provisions of the AfCFTA Agreement, its Protocols and Annexes. The General Fund will mobilise concessional funding, while the Credit Fund will mobilise commercial funding to support both the public and private sectors, enabling them to adjust and take advantage of the opportunities created by the AfCFTA.?
The resources required for the Adjustment Fund over the next 5-10 years are estimated at US$10 billion. Afreximbank has already committed $1 billion towards the AfCFTA Adjustment Fund.?
Read full press release here:
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3. Africa CDC launches its Digital Transformation Strategy
Africa CDC is actively helping nations across the continent unlock digital health's immense value, enabling them to overcome traditional roadblocks in healthcare and become digitally savvy organizations. Digital transformations are promoting better access, quality of care, and cost-effectiveness through cutting edge technologies that have revolutionized how we deliver critical health services worldwide.
It is under this background that the Africa CDC has launched the Digital Transformation Strategy to bring tech into the health space, through the 10 flagship initiatives highlighted in this strategy.
You can find the strategy document here .
4. Norrsken announces further expansion in Kigali
Norrsken Kigali House is getting even bigger! The third construction phase of its campus recently broke ground in Kigali and it's sure to bring a major boost to the local entrepreneurship ecosystem. Companies, large and small, will be moving into this new building, bringing economic prosperity that everyone can enjoy.
The building will take 12 months to complete and will add 3,820 sqm of working space to the existing facilities. It will also include a modern cafe, rooftop bar, and event spaces, giving the entrepreneurs in Kigali an even better environment for collaboration.
Learn more here .
5. Women's Day celebrated in style at Norrsken
The International Women's Day 2023 was a call to action for embracing equity and the use of innovation and technology toward achieving gender equality. Bringing together more than 250 people from all walks of life, including female entrepreneurs, creatives, CEOs and government officials - as well as male allies - A true celebration of making progress on Gender Equality!
More about this event here .
Managing Director at Ag-Trust Consultacy ltd
1 年very helpful
Mechanization Program Manager at MINISTRY OF AGRICULTURE AND ANIMAL RESOURCES
1 年There are opportunities, personally with interested co - investors with Food Security and Nutrition and Exploitation of wasted raw materials industrially turned into skilled industrial schemes for unemployed youths/women. Check KICC Next Conference.
Mechanization Program Manager at MINISTRY OF AGRICULTURE AND ANIMAL RESOURCES
1 年More Scheduled. There are openings being launched and possibly partnerships in aligned Investment Projects.
Technical Service Engineer and Customer Support Manager at FYIRWA TRADING LTD
1 年Interesting
BBA/ Social Entrepreneur/ Writer/Clinical Practice & Research Fellow/YALI RLC EA Fellow
1 年This is very helpful indeed. Thank you very much for sharing.